AXA holds final close of European real estate fund
AXA Investment Managers – Real Assets has held a final close of €445 million for its Pan-European Value-Added Fund, according to a statement. The fund primarily targets office, retail and logistics assets throughout Europe, though hotel, healthcare and residential assets will be considered. The fund focuses on underperforming assets in core locations, including France, Germany, Italy, the Nordics, Spain and the United Kingdom. AXA already has invested or committed more than 75 percent of the equity raised for the fund across eight properties in Italy, Spain and the United Kingdom.