AXA Real Estate said it boosted global transaction volumes by 10% to 鈧�10.2 bn in 2014, including debt and infrastructure debt, fuelled by strong investor appetite for real estate.
AXA Real Estate said it boosted global transaction volumes by 10% to 鈧�10.2 bn in 2014, including debt and infrastructure debt, fuelled by strong investor appetite for real estate.
Of the 鈧�10.2 bn of deals completed worldwide, equity transactions accounted for 鈧�5.2 bn and debt deals for 鈧�5 bn. Total assets under management increased to 鈧�54 bn from 鈧�47.7 bn in 2013.
In Europe, AXA RE chalked up 鈧�7.1 bn of transactions, ranking the investment manager in fifth place in PropertyEU鈥檚 Top Investors ranking for 2014, compared with 鈧�6 bn in 2013. The Paris-based company carried out 鈧�5.4 bn of acquisitions and 鈧�1.7 bn of disposals in Europe last year.
The UK captured a large portion of the European total with over 鈧�1 bn transacted over the period, comprising 鈧�632 mln of acquisitions and 鈧�412 mln of disposals.
Germany remained a key market for AXA Real Estate with a total of 鈧�523 mln transacted, against 鈧�713 mln for the company鈥檚 home market France. The Benelux region attracted 鈧�677 mln of investments, while investment into Italy and Spain totalled 鈧�474 mln.
Debt investment remained central to AXA Real Estate鈥檚 investment strategy last year, with 鈧�3.6 bn invested into commercial real estate debt, including a share in a multi-billion euro Spanish loan portfolio disposed of by a major European bank, and an additional 鈧�1.4 bn invested into infrastructure debt during 2014.
More facts and figures on the biggest investors in Europe last year can be found in the latest edition of PropertyEU's Top Investors, Dealmakers and Investment Locations report
