AXA Real Estate Investment Managers appointed to manage new €350M pan- European investment mandate by the Établissement Retraite Additionnelle de la Fonction Publique (ERAFP)

17-7-2013 — /europawire.eu/ — AXA Real Estate Investment Managers (“AXA Real Estate”), the leading real estate portfolio and asset manager in Europe, with over €45 billion¹ of assets under management as of March 2013, today announces that it has been appointed to manage a new €350 million pan-European investment mandate by the Établissement Retraite Additionnelle de la Fonction Publique (“ERAFP”), the French public service additional pension scheme.

AXA Real Estate, through its regulated entity AXA REIM SGP, won the 10-year discretionary investment mandate following a competitive public tender and, on behalf of ERAFP, will aim at building a portfolio which is diversified by geography and sector and can provide stable income returns. AXA Real Estate will primarily target Core or Core Plus investments. A key element of the investment mandate is to adhere to specific and demanding SRI (Socially
Responsible Investment) investment guidelines. In line with these guidelines, investments may also focus on those assets where the SRI rating can be improved through an active asset management policy.

ERAFP, which manages the retirement benefits of French government and local authorities civil servants as well as the staff of French public hospitals, currently has €14 billion of assets under management, of which it can allocate up to 10% to real estate investment.

Pierre Vaquier, Chief Executive Officer of AXA Real Estate, commented: “Winning a new third party investment mandate from such a high profile and well respected investor as ERAFP is a strong testament to our ability to meet the needs of clients to invest on their behalf both across Europe, using our network of local real estate professionals, and across the entire risk spectrum. For this mandate we are also able to align our own commitment to sustainable investment with the investor’s stated strategy of managing its assets in
compliance with strong SRI principles.”

– ENDS –

AXA Real Estate Investment Managers (AXA Real Estate), a wholly-owned subsidiary of AXA Investment Managers, is the largest real estate portfolio and asset manager in Europe, with over €45 billion of assets under management as at the end of March 2013. It has over 140 third party institutional clients spread across the world, in addition to managing funds for 10 AXA insurance companies.

With over 500 real estate professionals operating in 22 countries, AXA Real Estate’s competitive advantage stems from its global fund management expertise combined with extensive on-the-ground deal sourcing, asset management and development execution capabilities.

AXA Real Estate structures and actively manages or advises investment products, seeking wide ranging opportunities along the risk spectrum to deliver targeted returns commensurate with clients’ risk profiles, through a variety of investment strategies. These range from core to opportunistic, country-specific to geographically-diversified, sectorspecific to multi-sector, with the capacity to invest at all levels of the capital structure.

Global growth remains a key priority and AXA Real Estate is currently expanding its presence in both the US and Asia. Assets under management have grown from €17 billion 12 years ago to €45 billion today.
Visit our website: www.axa-realestate.com

AXA Real Estate Investment Managers SGP (« AXA REIM SGP ») is a French société anonyme registered with the Trade and Companies Registry of Nanterre under number 500,838,214 authorised and regulated by the French Market Authority as a portfolio management company specialized in real estate management activities under license number GP-08000023 granted on May, 5 2008.

AXA REIM SGP is a subsidiary of AXA Real Estate Investment Managers, which is itself a 100% subsidiary of AXA Investment Managers.

AXA REIM SGP had more than € 3.0 billion of assets under management as at the end of March 2013.

Visit our website: www.axa-reimsgp.fr

ERAFP: the leading French public pensions fund and 100% SRI institutional investor with more than €14 billion invested in accordance with a wholly socially responsible investment approach, ERAFP is Europe’s leading SRI institutional investor. As from the pension fund’s creation in 2005, its Board of Directors opted to optimise the performance of its portfolio of financial assets in accordance with SRI principles. A signatory of the UN Principles for Responsible Investment, in 2006 ERAFP adopted an SRI Charter based on
the following five fundamental values: respect of the right of law and human rights; social progress, social democracy, the environment; and proper governance and transparency.

ERAFP is also one of the largest public pension funds in the world in terms of members with nearly 4.5 million beneficiaries, 45,000 employers and close to €1.75 billion in contributions each year. A mandatory, points-based pension scheme, since 1 January 2005 ERAFP has managed the supplementary pension benefits for civil servants, local authorities and the public hospitals sector.

For further information about ERAFP: www.rafp.fr

¹Source: INREV Survey 2012 published in June 2013