AXA Investment Managers – Real Assets posted record transaction figures for the second year in a row in 2015, with a total volume of €10.8 bn.
AXA Investment Managers – Real Assets posted record transaction figures for the second year in a row in 2015, with a total volume of €10.8 bn.
The figures comprised €5.1 bn of equity transactions and €5.7 bn of debt investments, the company said in a statement on Wednesday. The equity transactions encompassed €3.1 bn of acquisitions and €2 bn of disposals globally.
The most active market was the UK, where AXA made €1 bn of acquisitions and €323 mln in sales, while Germany was close behind with €679 mln of acquisitons and €437 mln of disposals.
Other significant investment locations included France (€850 mln of transactions), Spain (€642 mln), Italy (€330 mln) and Switzerland (€294 mln).
Total assets under management increased to €65 bn from €54 bn in 2014. The company also reported a pipeline of €10.6 bn of development projects under way across eight European countries.
Its alternatives platform reached €2.7 bn, including investments in hotels, healthcare, data centres and forestry assets.
Pierre Vaquier, CEO of AXA IM - Real Assets, said: ‘The strong transactional activities for 2015 further cements AXA IM - Real Assets’ leadership position, as our global network of local teams continued to focus on driving the highest levels of performance and value for our clients.’
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TOP 100 INVESTORS
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AXA Investment Managers – Real Assets features in 14th place in PropertyEU's Top 100 Investors ranking published in March 2016. The ranking is based on 2015 direct real estate transaction volumes in Europe. The real estate arm of French insurance giant AXA reported €3.1 bn of direct acquisitions and €2 bn of disposals.
Click here to read the Top 100 Investors March 2016 edition online or go to the Top 100 Investors App which is being updated regularly by investors.
