| AXA Real Estate Investment Managers saw total transaction volume including completed and signed deals rise to EUR6.2 bn in 2011. Acquisitions totalled EUR2.6 bn, including EUR900 mln of committed development expenditure, compared to disposals of EUR2.1 bn. An additional EUR1.5 bn was committed to loans.
The lending business will remain a key focus area, AXA said. Last week, the Paris-based investment manager announced it has raised a further EUR2 bn on behalf of its pan-European debt strategy, bringing its total investment capacity to around EUR 4.7 bn. AXA has so far invested EUR 2.5 bn in property-backed debt...............................................Full Article: Source
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