UK - AXA Real Estate Investment Managers has persuaded Standard Life Investment's Martin McGuire to leave his property remit at the life office and head up one of its core-plus propositions.

Martin McGuire is joining AXA REIM as European fund manager, based in London, to manage the core plus European added-value fund (EAVF), which recently closed and now holds €422m in equity.

McGuire was previously investment director at Standard Life Investments and looked after the Standard Life property fund, having joined the company in 1998.

McGuire will report to Christian Delaire, global head of fund management at AXA REIM.

As a result of his departure, Standard Life has now handed management of the life company's property fund to David Stewart, portfolio manager for the Standard Life Investment Property Investment Trust (SLIPIT) as well as the life office's property portfolio.