Amundi RE transaction volume jumps 40% through 2014

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Amundi Real Estate saw its AUM rise to €9.2bn by the end  of 2014 following year in which its overall transaction volume hit €1.7bn across both its domestic market France and internationally.

The transaction volume was up 40% on the previous year. Acquisitions worth €1.5bn were made on behalf of the funds managed, with €1.1bn of this linked to 56 properties in France, and €400m linked to 21 properties across Spain, Germany, UK, Italy and Morocco.

By type, commercial property dominated the acquisitions, accounting for 63 assets worth €1.45bn. A further €50m was invested in residential programmes in France “for Malraux-type REITs and for tax deduction purposes,” the manager said.

The Amundi Real Estate retail Open-ended Real Estate Fund (Oref) doubled its subscriptions to more than €450m, and invested in France, Germany and the UK.

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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