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
Standard Chartered boosts CRE team
11 December 2017 | Singapore | Reporter: Stephanie Palmer
Standard Chartered has named Steven Cranwell as global head of commercial real estate for its global banking business
SoftBank and Compass in ‘largest ever’ US real estate tech investment
08 December 2017 | New York | Reporter: Stephanie Palmer
Real estate technology firm Compass has won $450 million in investment from the SoftBank Vision Fund, in what Compass has called the largest ever real estate technology investment deal in US history
Tristan fund makes first foray into Germany
07 December 2017 | Bonn | Reporter: Stephanie Palmer
The CCP 5 long-life fund, a core-plus fund advised by Tristan Capital Partners, has made its first investment in Germany, acquiring an office complex in Bonn for €35 million
JLL develops UK corporate solutions team
07 December 2017 | London | Reporter: Stephanie Palmer
JLL has named Sue Asprey Price as lead director of its corporate solutions business in the UK, with immediate effect
Link Asset Services appointed as real estate fund administrator
06 December 2017 | London | Reporter: Stephanie Palmer
Warehouse REIT, a specialist warehouse investor managed by Tilstone Partners, has selected Link Asset Services for fund administration
Dutch portfolio sold for €200 million
05 December 2017 | Amsterdam | Reporter: Stephanie Palmer
Patrizia Immobilien AG has sold a portfolio of 61 residential properties in the Netherlands, for around €200 million
Allianz tops off bumper 2017 with Broadway acquisition
04 December 2017 | New York | Reporter: Stephanie Palmer
Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway, New York, a class-A building valued at $1.95 billion