Office real estate of the AXA Immoselect AXA investment manager team has announced recently that the Office building of the AXA Immoselect, and the object of Hattersheim at Frankfurt am Main, is been sold. The achieved purchase price of the object is at approx. EUR 11,42 million and approximately 42.6% of independent experts under the last in August of the year of 2012 the market value. It was reported that in the course of the sale process, the object was offered 70 potential investors. After the releases of the AXA investment manager team, however, was the object for many potential investors out of the question. These circumstances are established with a vacancy by 15%, and only have an average for a period of three years safe income from existing leases what presented itself for the potential investors as unattractive.
It was also communicated that before selling the Fund management in vain has sought the conversation for the purpose of early lease extensions with the tenants of the object. But to the tenants were above Lease expiration is not ready. see You also: AXA_Immoselect.html the rescue of open-ended real estate fund AXA Immoselect had failed in the past. The AXA investment manager Germany GmbH has announced the 19.10.2011, that the AXA Immoselect is liquidated. It follows the conclusion that until the 20.10.2014 the objects of the Fund to sell AXA Immoselect and successively every six months to the investors of the Fund AXA Immoselect to sweep the revenues are, insofar no other primary obligations to use are. It is not foreseeable what amounts to individual investors of the Fund AXA Immoselect as a result be swept out. The investors of the Fund AXA Immoselect EUR 1.85 per share received a distribution i.H.v on the 27.07.2012.
It was not however the refund due to the dissolution of the Fund, but that regular annual substance distribution. After initially, the decision was taken, the Fund to resolve AXA Immoselect and resulting revenues to investors of the Fund AXA Immoselect be paid in half-yearly instalments, the AXA investment manager Germany GmbH had informed several months ago that the first payment date falls out in April 2012. Author and contact person: Ralf Renner – a trained banker and lawyer – lawyer Tel.: 030 / 810 030-22 are the specialty of lawyer Ralf Renner legal issues of closed-end Fund, where he has many years of experience. In these contexts, investors in a lawyer approach, if you want to check what rights and claims exist. Blanket statements prohibit themselves? In any case, an individual assessment is offered. Damages can claims against an investment advisor or a Bank, if was not sufficiently enlightened on essential aspects. An experienced lawyer can determine whether claims for damages are and how high are the chances for a successful implementation.