axa-reim-and-ping-an-forge-partnership

Axa Reim and Ping An forge partnership

The European real estate fund manager ties up with Ping An to invest in mid-market and upper-class housing in China.

Axa Real Estate Investment Managers (Axa Reim) has signed a memorandum of understanding with China's Ping An Trust to co-invest in China

The investments will target middle- to upper-class residential development projects
 
"Axa Reim is a strong believer in the need to have local expertise to access local real estate markets," said Axa Reim's chief executive officer, Pierre Vaquier, in a written statement "We are therefore delighted to be able to team up with Ping An Trust who shares the same values, especially in terms of the need and desire for robust risk management and strict corporate governance "

Axa Reim has around €40 billion ($60 billion) of assets under...

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