Free Trial

Global Investor Magazine Copying and distributing are prohibited without permission of the publisher

AXA real estate debt fund reaches Eu2.7bn

18 April 2011

An additional Eu180 million has been added to the fund from a number of European insurance companies

Read more: AXA Real Estate Investment Manager Commercial Real Estate Senior 1

AXA Real Estate Investment Manager's debt programme has reached Eu2.7 billion ($3.9 billion).

Raised on behalf of its pan-European debt fund, Commercial Real Estate Senior 1 (CRE1) an additional Eu180 million has been added from a number of European insurance companies at second close.

CRE1 has now attracted total equity of Eu530 million, following the Eu350 million raised in January 2011. The fund has already exceeded the minimum fundraising target and expects a final close...