Axa Real Estate Investment Managers has bought a £48m office in the City of London as part of a £155m spending spree.
It has bought 76,632 sq ft Camomile Court, EC3, from Cordea Savills’ European Commercial Fund.
The grade-A seven-storey block is fully let to tenants including software group Orc and Asta Managing Agency.
Axa Real Estate Investment Managers said it expected the property to benefit from its close proximity to Liverpool Street station and the new Crossrail terminal, which is due to open in 2018.
At the same time the firm has bought 183,803 sq ft office-led Keilalahdentie 2–4, in Espoo, Finland, and a 45,000 sq ft, five-storey shop at Gran Via 37 in Madrid, Spain.
Deals at €64.8m (£48m) and €79.7m were agreed respectively.
Pierre Vaquier, chief executive of Axa Real Estate Investment Managers, said: “These core, well-let assets will provide secure long-term income streams for investors, as we continue to manage the mandate and create value for our clients.”
