Gramercy Europe, AXA Trade $1.1B Portfolio

The industrial, retail and office assets are primarily located in Germany and the Netherlands, with smaller footprints in France, Poland and the United Kingdom.

Gramercy Property Europe plc, a Europe-focused real estate investment fund sponsored by Gramercy Property Trust (GPT) and managed by a GPT subsidiary, has entered into an agreement to sell 100 percent of its assets to a consortium of clients managed by AXA Investment Managers – Real Assets, GPT announced Tuesday. The deal’s total gross valuation reportedly is about €1.0 billion ($1.1 billion), with an exit cap rate of approximately 6.2 percent…

Gramercy Europe, AXA Trade $1.1B Portfolio


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