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Isabelle Scemama, a longtime veteran of AXA Investment Managers - Real Assets, has been named its new chief executive, replacing Pierre Vaquier.
AXA Investment Managers - Real Assets has raised €1.4 billion of capital for its latest debt fund, CRE Senior X, in just over six months, Real Estate Capital has learned.
The investment management arm of French insurance firm AXA is raising follow-on capital for its real estate lending strategy, Real Estate Capital has learned.
Property investor Hansteen has sourced a €145 million loan from ING Real Estate Finance and AXA Real Estate Investment Managers SGP to refinance a portfolio of light industrial assets located in the Netherlands.
HSBC has confirmed it has syndicated a large part of the circa €800 million Potsdamer Platz loan it underwrote for Brookfield, to a group of banks and an insurance company.
AXA Equitable Life Insurance Company and Metropolitan Life Insurance Company provided $500 million for the refinancing of a 29-story office building at 31 West 52nd Street in Midtown Manhattan.
Natixis has underwritten a term loan and revolving bridge facility totaling €154 million for CBRE Global Investors’ European Industrial Fund (EIF). The French bank structured and arranged a seven-year, €123.7 million term loan, bringing in AXA to take 50 percent of the debt.
Bank of America Merrill Lynch and Citi have closed the syndication of a €325 million Deutsche Interhotels loan in an oversubscribed deal, Real Estate Capital can reveal. The syndication is one of a string that big banks are working on closing before the year end. Financial market volatility over the summer has not put off the deepening pool of banks, institutions and debt funds that want to buy CRE loans, they say.
AXA Equitable Life Insurance has provided an $80m refinancing facility to the heirs of Cornelius Vanderbilt III following the restoration of 501 Madison Avenue in New York. The loan is the last phase of a three-part package of interim, construction and investment loans totalling more than $160m for the 30-story office and retail tower.
Goldman Sachs has priced its restructured €182.25m REITALY CMBS at a blended coupon of 317.4bps. The deal, a securitisation of a single €191.5m loan to Apollo Global Management for a portfolio of 25 Italian retail assets, was relaunched last week after being delayed in June.
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