LONDON-AXA Real Estate Investment Managers has formed a 50:50 joint venture with a third party international client to acquire a GBP 300-million office project in King's Cross, London, from BNP Paribas Real Estate. The development includes an 11-story building comprising 398,000 square feet of office space, approximately 13,000 square feet of cafe and retail space, storage facilities and a fitness center.
Approximately 55% of the building is pre-leased to BNP Paribas' subsidiaries. Construction will commence at the start of 2013 and end by Q4 2014. For the full story, go to Europe Real Estate .
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