AXA IM Alts acquires Berlin office building

AXA IM Alts has completed the acquisition of Sellerstraße 31, an office building in Berlin. Purchased from a leading pharmaceutical company in a sale-and-leaseback transaction, AXA IM Alts intends to undertake a significant repositioning of the building. The acquisition has been made on behalf of clients through AXA IM Alts’ market leading Real Assets platform, which is a leading real estate portfolio and asset manager in Europe and is in joint venture with minority partner Quest Investment Partners.

Constructed in 1992, the property is located at 31 Sellerstrasse in the southeast corner of one of Berlin’s leading research campuses. It provides 15,573 square meters (167,626 square feet) of leasable space over seven floors, with a roof terrace offering panoramic views across Berlin. The building benefits from its proximity to the Reinickendorfer Strasse underground station, which is located directly in front of the building, while BER airport is within a short drive time