AXA Real Estate Investment Managers has secured five lettings totalling circa 28,000 square metres across three buildings it manages, on behalf of clients, in the major German cities of Hamburg, Duisburg and Cologne.
AXA Real Estate has let 2,373sqm of office space at Vespucci Haus in Hamburg to three new tenants, comprising 475 sq m to market research institution Unity Field & Organisation, 550sqm leased to software engineering company iteratec, and a 1,348sqm unit leased to IT and software development consultancy, Sopra Group.
Angermann Real Estate Advisory acted as lead agent for AXA Real Estate for all lettings, while CBRE acted for Sopra and Cushman & Wakefield acted for Unity.
Vespucci Haus is a waterfront office building, with a total area of 13,615sqm. The building was designed by Kohn Pedersen Fox and completed in 1993. The property is ideally located at a main street of HafenCity, adjacent to the famous Elbphilarmonie development.
The Japanese owned multinational Hitachi Power Europe has renewed its lease on a 20,000sqm office building in Duisburg, Hitcachi HQ, to 2020. Hitachi Power Europe has occupied the waterfront building, which serves as its German HQ, since the property was built in 2007.
AXA Real Estate has renewed a lease with one of the AXA Insurance companies for a 5,900 sq m office unit at Börsenplatz 1. The building located at the heart of Cologne, in the financial district of the city, was designed in 1950s by the renowned architect Walter Riphan. The lease agreement was extended by five years and contains an option for both parties to renew the lease for another term. This latest letting means that AXA Real Estate has successfully let around 80 per cent of the building’s 17,500 sq m total rental space within one year.
AXA Investment Managers Deutschland provides asset management services for AXA Real Estate.
Matthias Leube, managing director of real estate within AXA Investment Managers Deutschland, says: “These five new lettings in Germany demonstrate the high quality of the assets we manage and our ability to fulfil prospective and existing tenants’ requirements. This stems from the expertise of our asset management platform and deep knowledge of occupier market across Germany.”