AXA Investment Managers has announced the completion of its acquisition of a prime retail and hotel development for one of its clients in the center of Leipzig, Germany, from Centrum group. The asset, whose construction was completed in August 2016, comprises a total of 14,300 sqm of retail space across five storeys, with Primark already secured as the anchor tenant. It also includes an integrated 100 room, 3-storey hotel, which will be managed by the German hotel operator GS Star, under the name Arthotel ANA Symphonie.
