03 October 2017
Reporter: Theo Andrew

Core-European fund hits €1 billion, says AXA IM - Real Assets

The AXA Investment Managers - Real Assets core European fund, AXA CoRE Europe, has hit €1 billion in investment since its €500 million seeded launch in March 2016.

The fund, which has already invested €830 million of the capital raised, hopes to achieve long-term stable income through acquiring core European assets.

In July, the fund purchased a 1.2 million-square metre logistics portfolio from Gramercy, as part of a consortium of AXA IM - Real Assets clients, for €1 billion.

AXA CoRE Europe’s portfolio spans across seven countries, including France, Germany, Italy, Spain and the UK and comprises of 44 assets split between office (49 percent), logistics (35 percent) and retail (16 percent).

Investments into the fund have been received from across Europe, North America and Japan, including 23 third-party clients.

Rainer Suter, fund leader for AXA CoRE Europe, said: “Our ability to invest alongside with clients of AXA IM - Real Assets allows the fund to access some of the largest and best quality investments on the market and we believe that this is a clear competitive advantage which has allowed us to assemble such as a significant portfolio.”

He added: “We have also been selective in our approach to acquisitions to ensure we have both secure and highly visible income streams and the opportunity, where possible, to add further value through leasing and other asset management activity.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BMO adds nine assets to UK portfolio
23 October 2017 | London | Reporter: Theo Andrew
The properties are spread across the office (35.9 percent), industrial (34.5 percent), retail warehousing (22.5 percent) and retail sectors (7.1 percent), reflecting an initial yield of 4.8 percent
Kennedy Wilson Holdings completes $8 billion merger with European arm
20 October 2017 | California | Reporter: Theo Andrew
The $1.98 billion (£1.5 billion) deal equated to an offer of $15.49 (£11.74) per KWE share, a 20 percent premium on the $12.91 (£9.79) per share closing price on 21 April
Aviva acquires Bristol redevelopment
20 October 2017 | Bristol | Reporter: Becky Butcher
Aviva Investors has purchased the first phase of a redevelopment business park in Bristol for £30 million
Coyote names Rob Bould as non-executive director
19 October 2017 | London | Reporter: Theo Andrew
Rob Bould, who has 40 years of real estate experience, will help grow the data platform, which will track, manage and report the performance of real estate assets in real-time
Hammerson expands flagship Parisian shopping centre
19 October 2017 | Paris | Reporter: Theo Andrew
The 11,000-square metre property adjoins its Les Trois Fontaines centre, the firm’s recently refurbished flagship asset in Paris
SELF II reaches €500 million on third close
19 October 2017 | Paris | Reporter: Theo Andrew
The pan-European debt fund achieved the equity through institutional investors from France, Germany and Italy
Encore+ adds Dutch office for €50 million
18 October 2017 | Eindhoven | Reporter: Theo Andrew
The the pan-European open ended core-plus fund is co-managed by Aviva Investors and LaSalle IM, as fund manager and asset and transition manager, respectively