AXA Investment Managers Deutschland has expanded the portfolio of its open ended real estate fund AXA Immoselect with the acquisition of three properties and property development companies in Luxembourg, Sweden and Spain. The value of the acquisitions comes to EUR 260 mln, and the finacing has already been secured, AXA IM said in a statement.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
