AXA IM Alts agrees forward funding for 107,660 sq ft Bristol development
AXA IM Alts, a global leader in alternative investments with c. €157 billion of assets under management1, has signed a £20.6 million forward funding agreement, on behalf of clients, to develop a pre-let, high tech manufacturing facility at Central Approach, Bristol. It has acquired the site from Trebor Developments and Hillwood.
The 107,660 sq ft facility is fully pre-let to leading manufacturing and research firm Oxford Instruments on a 20 year lease, and is due to complete in March 2022.
The property will serve as a state-of-the-art new manufacturing and office HQ for Oxford Instruments, and AXA IM Alts will look to develop the asset to achieve strong sustainability credentials including a BREEAM Very Good rating.
- ENDS -
- Source: AXA IM Alts unaudited data, as of 31 December 2021
Disclaimer
This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.
AXA IM and BNPP AM are progressively merging
AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure
AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.