HANOVER, GERMANY-AXA Real Estate Investment Managers has purchased a class-A logistics warehouse measuring 473,610 square feet in Niedersachsenpark, Lower Saxony. The company has acquired the property on behalf of its specialist logistics fund, European Logistics Income Venture.
The industrial asset was sold by HOCHTIEF Projektentwicklung GmbH. It was completed in February 2009 by HOCHTIEF. The logistics warehouse includes 452,082 square feet of storage facility. The property is fully leased to a global automotive business. For the full story, go to Europe Real Estate .
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