AXA Real Estate raises ¥26b at launch of 2nd Japanese debt investment vehicle

Its Japanese debt programme now stood over ¥40b.

In a release, AXA Real Estate Investment Managers announces that it has raised ¥26 billion (€200 million) for a new Japanese commercial real estate debt investment programme from two Japan-based AXA insurance companies.

This is the second debt investment vehicle for AXA Real Estate’s Japanese debt programme which now totals over ¥40 billion (€330 million). It is an important milestone in the globalisation of AXA Real Estate’s debt platform.

Frank Khoo, AXA Real Estate’s Global Head of Asia, commented: “A successful, second capital raising is demonstrative of the strength of our Japanese debt programme and our capability to source attractive debt investment opportunities.”

Tetsuya Karasawa, AXA Real Estate’s Deputy Head of Japan, added: “The success of the first investment vehicle over the last two years has been largely a result of our local team’s understanding of the Tokyo property market, combined with the specialist experience of our real estate lending team.

Isabelle Scemama, AXA Real Estate’s Head of Real Asset Finance, said: “The launch of our second Japanese debt investment vehicle is an important milestone. 

AXA Real Estate manages today a global platform of €7.5 billion, serving over 30 clients from 12 countries across Europe, Northern America and Asia, investing in 7 European countries as well as Japan through a variety of vehicles and separate account mandates.”