Amundi Real Estate transactions up 40% in 2014

Office buildings1Amundi Real Estate carried out €1.7 billion of transactions in its real estate funds and mandates last year, a 40% increase on the previous year.

The firm made 56 transaction in France with a value of €1.1 billion. Other acquisitions were completed in Spain (11), Germany (5), and two in the UK and Italy, and one in Morocco.

Most of the deals concerned commercial property, totaling 63 assets worth €1.45 billion. Residential property investments totalled €50 million and included real estate investment trusts.

The rise in the transaction volume, both in France and elsewhere, enabled Amundi Real Estate to increase its assets under management by 18% to €9.2 billion.

In 2014, Amundi Real Estate's retail open-ended real estate fund doubled its subscriptions to more than €450 million.

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