Monday 1 October 2012 7:56 pm

Axa Real Estate hunts for cash

AXA Real Estate Investment Managers yesterday unveiled a fresh round of fundraising that will bring €2bn (£1.6bn) into its war chest for new investments by the end of the year. The French group has already raised €1.4bn in new capital so far this year, and will target investors in Germany, the Netherlands, the Nordics and Sweden. Axa has raised its investment target to €2.4bn for the full year, from the €2bn it announced in January after a strong first half. Forty per cent of the loans it made in the period were primary loans.