AXA Real Estate has announced that it will be committing €10 billion (£8.58 billion) to the commercial real estate infrastructure debt market over the next five years.
AXA Investment Managers' real estate sector is setting up a team of professionals specialising in infrastructure, headed by Charles Dupont. AXA's Commercial Real Estate (CRE) debt team, already has a £6 billion debt platform and is already the world's biggest investment manager when it comes to CRE debt.
The new platform will allow AXA Real Estate to write infrastructure loans of up to £430 million, backed by global assets, with a primary focus on European developments.
Mr Dupont, who will be reporting to the head of Real Asset Finance, Isabelle Scemama, is a graduate of the Ecole Polytechnique and the Ecole Nationale d’Administration with 15 years of experience in operating businesses and private equity infrastructure markets. It is expected that more appointments will be made over the coming months.