AXA Investment Managers acquired an office building from project developer Centrum in the city of Kiel. A team of Heuking Kühn Lüer Wojtek, led by Dr. Peter Zimmermann, Partner at the commercial law firm's Düsseldorf office, advised AXA on the transaction.
The property that has been refurbished and revitalized by Centrum under the name of "Leik" offers 12,077 m² of rental space on six floors and is leased out to various retailers (including TK Maxx) and to authorities.
AXA Investment Managers is a long-term, global, multi-asset investor with numerous funds for bonds, stocks, alternative investments, and customized multi-asset solutions. CENTRUM Group is a privately held, financially strong company that is operating European-wide and is the market leader in project development of prestigious retail properties with high potential for appreciation.
The team led by Zimmermann had most recently advised its long-standing client AXA on the acquisition of the Munich DEKA property "Twenty 8."
Counsel to AXA Investment Managers
Heuking Kühn Lüer Wojtek:
Dr. Peter Zimmermann (Contract negotiations Real Estate and Lead),
Kathrin T. Fischer,
Christoph Nöhles, LL.M. (all Real Estate Due Diligence and Contract Management),
Dr. Marc P. Scheunemann, LL.M. (Tax Structuring and Due Diligence), all Düsseldorf