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AXA REIM Buys in Stafford and Exeter

LONDON-AXA Real Estate Investment Management has spent pounds 22.9 million ($42 million) buying and office investment in Bracknell and a retail park in Stafford from the Hampshire Pension Fund.

By Graham Parker | Updated on January 29, 2004

LONDON-AXA Real Estate Investment Management has added to its AXA Sun Life portfolio with the £22.9 million ($42 million) purchase of two investments from Hampshire Pension Fund.

Berkshire Court, Bracknell consists of two office buildings totalling 48,606 sf and is let to Pace Micro Technology, Accenture and Premier Prison Services on terms expiring between 2009 and 2012. The properties provide a rental income of £1.3 million ($2.3 million) per annum.

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