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

This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.

SOURCE: AXA Investment Managers

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