Search
 

AXA Launches Broad-Based Long-Lease Fund

LONDON-The $1.3-billion fund launches with $163 million already accrued. The leaseholds it targets start at 20 years. The focus is specifically on the UK.

By John Salustri | Updated on January 07, 2013

LONDON-AXA Real Estate Investment Managers has launched a fund focused on long-lease assets. The fund, dubbed UK Long Lease Property Fund, has already accrued $163 million and is targeting $1.3 billion as its cap.

“With bond yields remaining at record lows,” says Deborah Shire, AXA’s global head of business development, “liability matching has become the key challenge for many institutions and pension schemes in particular. Stable long-term and mostly inflation-indexed income generated by long-lease property offers an attractive alternative for investors.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Nominate a Net Lease Expert

Nominate a Net Lease Expert

Ingrid Tunberg |

Do you know a professional and/or company that has helped shape the net lease sector? Submit a candidate for GlobeSt.'s Influencers in Net Lease recognition before May 29!

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.