AXA IM-Real Assets has completed a residential scheme in Dresden’s Striesen district on behalf of its German residential fund. The Dresden complex offers 135 residential units, ranging between 40 sqm and 130 sqm in nine buildings. The scheme also includes 140 underground parking spaces. “The new-build residential market is a fast growing real-estate asset class in Germany, and one that our local teams have identified as offering significant potential for generating strong returns to our institutional investors. Started in 2014, we are delighted that the Dresden development has now been completed to the highest standards; this is another strong addition to our German residential fund,” said Matthias Leube, regional head of asset management and Transactions at AXA IM-Real Assets in Germany.
