PARIS-AXA Real Estate Investment Managers says that over the last 18 months it has completed, on behalf of its clients, 11 value-add transactions in 6 European countries for a total volume of $1.9 billion (€1.4B).

The global firm says that during 2011 it identified that the nascent European economic recovery, together with a gradual softening of investors’ sentiment towards risk, was creating an opportunity to adopt value-add real estate investment strategies.

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