Fundraising - NOVEMBER 19, 2021

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AXA Logistics Europe prices €800m green bond

by Kali Persall

AXA IM Alts' flagship European logistics fund, AXA Logistics Europe Master, has priced a €800 million ($907 million) green bond, and issued it under a green finance framework.

Launched in 2019, AXA Logistics Europe aims to acquire and develop sustainable logistics centers with energy-efficient buildings. The fund has assembled a portfolio of about 130 assets located across key logistics hubs in 11 European countries. It has garnered a wide range of institutional investors across Europe, North America, and Asia.

Diversified by location and its base of more than 100 tenants, the fund’s portfolio comprises 3.9 million square meters (41.9 million square feet) of high-quality big box or last mile-urban logistics space, with an average occupancy of more than 96 percent.

This was the first bond issuance undertaken by AXA Logistics Europe. The Green Notes, which were issued across two tranches, were placed across a broad range of 136 European and international insti

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