AXA Real Estate Investment Managers UK appoints Manager for new European Added Value Fund (UK)

AXA Real Estate Investment Managers UK (AXA REIM UK) is pleased to announce the appointment of David King as Fund Manager. Based in London, David will report to Anthony Shayle, Head of Business Development and Marketing, AXA REIM UK.

In this new role, David will manage the new core plus European Added Value Fund (EAVF) and will be responsible for the acquisition and management of property. This new Fund recently announced its first successful closure and attracted 118 million of new equity. The fund is targeted, through further equity raisings currently under discussion, to have a total size of approximately €625 million.

Prior to joining AXA REIM UK, David was Director, Property (Europe) at Henderson Global Investors since 2001. Here, he led a team which was responsible for managing diverse portfolios of property, currently valued at £430million. Before this, David was Director at FPD Savills Fund Management for 5 years.

Commenting on the appointment, Anthony Shayle says; David is a talented and experienced European fund manager with extensive knowledge of both the UK and European property markets. With an excellent reputation and strong investment management skills, David is the ideal person to manage EAVF. AXA REIM views Europe as a significant area of future growth and Davids appointment is further evidence of our commitment to the region and to our investors.

David King says: Having managed a number of smaller vehicles over the past 7 years, this is a great opportunity to leverage off the established AXA REIM infrastructure in 11 European countries and to focus on EAVF which will acquire assets throughout the Eurozone with the potential for active management.

Source: AXA REIM

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