EUROPE - AXA Real Estate Investment Managers is undertaking an aggressive growth strategy through an "acquisition programme" in Sweden and Finland, which could lead to the opening of a regional office.
Pierre Vacquier, chairman, AXA REIM France would not name the companies AXA REIM was looking to acquire.
“Currently we have an active presence in Scandinavia through an acquisition programme through the region (mainly Sweden and Finland), that might lead to the opening of a regional office,” he said.
“We have been active in Scandinavia for a while but now we will be moving to have a presence there. Currently, in terms of strategy, we are looking to grow the business aggressively, although size is not an objective in itself.”
Vacquier said the growth of AXA REIM would aim to provide clients with improved performance.
“At the moment there is a lot of money in the industry therefore growing a business is not too hard,” he said. “The challenge is doing it properly and taking the right tactical decisions.”
In addition to the presence in Scandinavia, AXA REIM is also investigating possibilities in Eastern Europe.
In early December, the firm opened a Tokyo office.
Roddy Sloan, global head of business strategy at AXA REIM, said client demand for exposure to Asian real estate had increased “substantially” due to its significant potential for higher returns and portfolio diversification.
“Establishing our presence in Japan makes great sense since it is bigger than all the other Asian real estate markets put together,” he said.
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