23.06.2009 - Axa sees French property promise over UK
From Reuters: Cut-price commercial mortgages and French homes and offices have caught the eye of Axa Real Estate Investment Management, but the property arm of the French insurer is giving London's stricken office market a wide berth. Steve Smith, head of transactions and asset management at Axa REIM, said his firm may resurrect plans to float a French real estate investment trust investing in French housing, and launch a third French office development fund when frozen property markets showed greater signs of thawing.........Full Article: Source
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