Axa to make first foray into Reits market

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Axa Real Estate Investment Management UK is to introduce Reit and European commercial property offer...

Axa Real Estate Investment Management UK is to introduce Reit and European commercial property offerings next year, while Swip has launched its second vehicle investing in the asset class in less than a week. According to Anthony Shayle, head of business development and marketing at Axa, the group has lined up one internal manager who runs property assets for institutional investors for one of the funds and will look to make a further appointment. The firm aims to launch a Reit in the second or third quarter of 2007 and due to tax inefficiencies in a UK Reit investing in European property...

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