AXA Investment Managers – Real Assets announces the acquisition of a prime logistics site in Leipzig, Germany

PARIS, 04-Oct-2018 — /EuropaWire/ — AXA Investment Managers – Real Assets (“AXA IM – Real Assets”) announces the acquisition of a prime logistics freehold site in Leipzig which can accommodate the development of up to 113,000 sqm of Grade A logistics space across two buildings. The site has been purchased on behalf of the Logistics Development Club⁽¹⁾ and the development management will be carried out by Baytree Logistics Properties.

The site is strategically located opposite a major car production plant, which includes electric cars in the production portfolio. It is 1 km from the A14 motorway, 12 km from Leipzig’s centre and 16 km from Leipzig Airport. The site benefits from an existing industrial GI zoning (“Bebauungsplan als Industrie-Gebiet”), providing tenants with greater operational flexibility throughout a 24-hour period.

The buildings can be configured to serve the automotive logistics sector or for general logistics use. They will be designed to achieve a BREEAM “Very Good” rating and will offer advanced features that focus on the wellbeing of building users while the wider site will be designed to create an enhanced landscaped environment.

(1) Logistics Development Club is managed by AXA REIM SGP, an affiliate of AXA IM – Real Assets

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SOURCE: AXA Investment Managers

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