Axa Real Estate raised €1.26bn in Q1

Office_buildings1Axa Real Estate Investment Managers raised a total of €1.26bn in the first quarter of 2011, the firm said on Monday.

Axa said this reflects a growing trend from investors seeking separate mandates. €800m of this new equity has been raised as segregated accounts from third-party investors and Axa Group clients.

The €800 million has been derived from new and existing investors across Europe, including France, Switzerland and the Nordics.

Axa said these types of investors “are seeking high-level, individually tailored solutions supporting their unique strategies”.

Axa has over €29bn of separate accounts under management as at December 2010, and a total of €39.9bn of assets under management.

©2011 funds europe