AXA IM seeking to raise AUM for 'alternative real estate'

Singapore

AXA Investment Managers (AXA IM), the fund house of French insurer AXA, is looking to raise its assets under management (AUM) for "alternative real estate" from the current US$3.5 billion to about US$5-6 billion globally over the next two years.

Alternative real estate is used to describe what is less commonly seen as investible real estate such as student housing, healthcare assets, hospitality and data centres. But these alternative real estate is becoming mainstream as investors increasingly embrace them for their higher yields.