AXA Real Estate raises €1.26bn from investors

AXA Real Estate Investment Managers raised €1.26bn (£1.1bn) in the first quarter of 2011, with €800m raised as segregated accounts to reflect an ongoing demand for diversified mandates.

Axa Real Estate, the largest real estate manager in Europe with €39.9bn in assets under management, also raised €460m for two of its pan-European institutional investment vehicles, and for a debt fund it launched in January this year.

Kiran Patel, global head of business development, distribution, research and strategy said: “The fact that we have seen such strong interest from investors in both our debt and development funds in particular, reflects the increasing appetite since the start of this year for funds with strategies across the entire risk spectrum.”