Prime German buy for AXA

AXA Investment Managers – Real Assets has bought a prime mixed-use building in Kiel, Germany, from developer Centrum. The six-storey building on Holstenstraße comprises just under 130,000 sq ft of space and is almost fully occupied. Tenants include retailers and a public institution. Matthias Leube, managing director of AXA Investment Managers Deutschland, said: “This transaction represents a rare opportunity to invest in a much sought-after high street property in one of northern Germany’s key commercial destinations.” louisa.clarence-smith@estatesgazette.com