Axa Real Estate will commit about €1.5 billion in a commercial real estate debt fund, Financial Times reports. Axa has raised €350 million from a number of European insurance firms and its parent insurance group and has also got additional equity commitments of about €1.15 billion from insurance companies, which can be used to invest in real estate debt. The fund will offer senior loans either directly or acting as a syndicate behind a bank. The debt fund will invest across Europe, particularly in the U.K., focusing on investments which are backed by good quality income producing properties.

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