AXA Real Estate Investment Managers , the leading real estate portfolio and asset manager in Europe, announces a record €7.3 bln of capital raised in 2014, comprising €3.6 bln of commitments for equity strategies and €3.7 bln of commitments for debt strategies.
The capital was raised globally from both new and existing clients and for a range of investment strategies including core, value-add, development and debt.
Among the investors that chose to invest through AXA Real Estate’s global investment management platform during the year, 35 were new clients, comprising insurance companies, pension funds, and sovereign wealth funds. Commitments were received from Europe, Asia, Canada, the U.S. and the Middle East, which cements AXA Real Estate’s position as one of the partners of choice for institutional investors looking to invest in Europe and globally.
As well as building new relationships, AXA Real Estate worked to strengthen longstanding client relationships by developing new and innovative investment products and through sourcing real estate and debt single asset or portfolio investment opportunities for investors aiming at delivering high levels of performance.
In 2014, AXA Real Estate extended its total commitments to debt strategies to over €10 bln, of which €7.5 bln has already been deployed.
Pierre Vaquier, Chief Executive Officer of AXA Real Estate, commented: “The significant levels of capital that AXA Real Estate raised during 2014 are evidence of both the continued interest in real estate as an asset class amongst institutional investors searching for secure income streams and yield, as well as their desire to invest through a market leading platform such as ours which can successfully deploy funds across multiple strategies and geographies using expert local teams.”
Source: AXA Real Estate