HUNGARY - AXA Real Estate Investment Managers (AXA REIM) has opened an office in Budapest as the next stage of its expansion into Central Europe.
Headed by John Verpeleti, head of Central Europe, the office’s main responsibilities will be to manage the existing investment portfolio as well as service the current buying requirements for AXA REIM’s pan-European real estate funds.
Initially, the acquisition focus will be Czech Republic, Hungary, Poland and Slovakia. The team then plans to monitor emerging real estate markets elsewhere in Central and Eastern Europe. Verpeleti said: “The opening is a very logical extension to our extensive presence in Western and Southern Europe, where close to 400 staff manage over €26 billion of real estate assets.”
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