AXA Investment Managers - Real Assets has announced the the launch of AXA Selectiv’ Immoservice, a new fund aiming to build up a European portfolio of €300 mln.
The fund, which targets French retail investors mainly through life insurance contracts distributed by AXA France, focuses primarily on healthcare, social care, student housing, hotel and residential investments, seeking to unlock capital value through active asset management and repositioning of assets.
AXA Selectiv’ Immoservice follows on from the success of retail vehicle AXA Selectiv’ Immo, which has raised more than €1 bn since May 2012 and manages €1.7 bn of assets.
'Having launched our second vehicle for retail investors, AXA Selectiv’ Immoservice will benefit from successfully leveraging on fundamental economic, social and demographic trends such as an ageing population, the globalization of student populations as well as a growing global affluent middle-class,' said Antoine Aubry, fund manager at AXA IM - Real Assets.
