The Generali Group has launched Axis Retail Partners, a new real estate boutique focusing on shopping center investments.
Axis Retail Partners is a strategic joint venture, with Generali holding a controlling stake of 51 percent through Generali Investments Holding S.p.A. The other partners are Florencio Beccar and Toby Smith, two highly experienced professionals in shopping center investments and asset management, with a proven investment track record of outperformance.
Generali will initially invest €500 million ($565 million) into the fund, which will be open to third-party clients as well. It will invest in high-quality, core, and dominant shopping centers across continental Europe, with an annual target total return of 7 percent.
This partnership is in line with Generali’s strategy to further increase its exposure to real estate, which already has its subsidiary General Real Estate actively investing.
The business model will be based on the stron
