Axa REIM has reappointed NB Real Estate (formerly Nelson Bakewell) to manage its property portfolio worth £4.2 bn (EUR 6.2 bn) in the UK. In a statement, Axa REIm said the portfolio consists of 2,400 tenants in properties with an annual rent roll in excess of EUR 297 mln. When combined with the CIS Pension Fund, NB Real Estate manages funds in excess of EUR 9.5 bn for Axa REIM in the UK.

Axa REIM has reappointed NB Real Estate (formerly Nelson Bakewell) to manage its property portfolio worth £4.2 bn (EUR 6.2 bn) in the UK. In a statement, Axa REIm said the portfolio consists of 2,400 tenants in properties with an annual rent roll in excess of EUR 297 mln. When combined with the CIS Pension Fund, NB Real Estate manages funds in excess of EUR 9.5 bn for Axa REIM in the UK.

NB Real Estate is an independent property consultancy with offices in London, Manchester and Edinburgh. NB Entrust, a new business established last March, is to provide facility management services to Axa REIM in the UK. NB Entrust also has contracts for two other properties, one owned by GE Real Estate and the other by New Star Asset Management.