Launch of UK Long Lease Property Fund for Axa Real Estate22 Jan 2013
A Bedell Cristin team headed by London-based partner, Bruce Scott and assisted by associate, Amedeo Claris-Delmedico, provided Jersey legal and regulatory advice to AXA Real Estate Investment Managers in connection with the establishment and launch of the UK Long Lease Property Fund.
With a target size of £1 billion, the Fund has been established as a discretionary open-ended unit trust regulated in Jersey as an Expert Fund. The Fund seeks to provide real estate-based stable long term income, mostly from rents with inflation indexation or fixed periodic uplifts, to meet the investment objectives of institutional investors with long term liabilities. The fund’s strategy is to build a core portfolio of UK long lease assets, with a focus on strong property fundamentals, by targeting investments across a range of sectors from traditional to more alternative assets.
The Fund is sponsored by AXA Real Estate Investment Managers, a wholly-owned subsidiary of AXA Investment Managers.