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NEWS Last modified on November 8, 2010

New real estate investor at Frankfurt Airport

Frankfurt Airport’s Mönchhof real estate development has attracted another new investor, AXA Investment Managers Deutschland GmbH (AXA IM).

Frankfurt Airport’s Mönchhof real estate development has attracted another new investor, AXA Investment Managers Deutschland GmbH (AXA IM).

A leading asset management company, AXA IM has acquired ownership of the building used by the US-based logistics company Expeditors International GmbH.

Completed in September 2009, the building serves as the German headquarters of Expeditors and employs approximately 90 people who are primarily involved in handling air cargo and distributing merchandise.

“As an internationally active investor, we appreciate the locational advantages and growth opportunities offered by Mönchhof because of its proximity to Frankfurt Airport,” says Christoph Mölleken, member of AXA IM’s management team.

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