AXA Real Estate Investment Managers’ transaction volumes increased by 10% in 2014, with a record number completed. The company secured €10.2bn (£7.4bn) of deals, comprising €5.2bn of equity transactions and €5bn of debt transactions.
The company’s total assets under management have increased to €54bn compared with €47.7bn in 2013.
MOre than €1bn was transacted in the UK over the period, comprising €632m of acquisitions and €412m of disposals.
The purchase of a 50% stake in Cabot Circus shopping centre in Bristol for €371.2m was one of the company’s largest UK deals.
Chief executive Pierre Vaquier said: “2014 proved to be another strong year for AXA Real Estate as we continued to regularly deliver high levels of performance and value to our clients, making a series of landmark transactions within and outside of Europe.”
