
Highly diversified exposure
A diversified portfolio offers investors resilience to the cycles of the real estate market. AXA IM Alts’ real estate equity strategy provides access to offices, residential, logistics, retail, hotels and more.
Our approach
We take equity stakes in listed and unlisted real estate, generating rental income and capital appreciation . Our scale and network give us unparalleled abilities to source and deploy capital.
Aligning interests
Our interests are in step with those of the AXA Group. Our clients benefit from the Group’s strong governance and network, and its oversight around any potential conflicts of interest.
Integrated ESG approach
Our strategy aims to targets high-quality assets with modern building specifications and high ESG ratings. Responsible investment priorities such as decarbonisation and climate resilience are integrated into all of our investment decisions.
Why AXA IM Alts?
We are conviction-led and research-driven, investing across both traditional and emerging real estate segments on behalf of our clients.
Local deal sourcing
Extracting value in a competitive market is all about local knowledge. We have skilled teams on the ground in the most dynamic European cities to source deals and manage assets.
Expertise across asset classes
Drawing on decades of experience and strong convictions, we invest across the full asset class spectrum. Our expert team is committed to constant innovation to meet the needs of global investors.

AXA CoRE
Our open-ended real estate strategy seeks long-term, stable income from real estate assets in core markets across Europe.

Residential
Offering global investors access to a highly diverse portfolio of residential assets in markets where rental growth can be supported by social and macro changes across Europe.

Logistics
Targeting regular income and long-term capital appreciation while giving investors access to sectors supported by structural changes through a diversified portfolio of European logistics assets.
Leading the Way in ESG for European Real Estate
We are committed to driving meaningful change through our real estate investments. Environmental, Social and Governance (ESG) principles are fully integrated into our asset management approach, shaping the strategic direction for our €81 billion portfolio of properties. Our hands-on commitment to ESG allows us to actively decarbonize assets, enhance tenant experiences, and create long-term value for our clients.
ESG is in Our DNA
ESG targets are embedded into annual objectives for all asset management teams and we have ESG leads within each territory and sector team. All our assets have action plans focused on decarbonization and ESG strategy is a core component of annual strategic asset plans.
Leading Decarbonization Initiatives
We are part of the Net Zero Asset Managers Initiative, a group committed to supporting the goal of net zero greenhouse gas emissions by 2050. Our investments are also aligned with this target.
Tangible Results Across the Portfolio
reduction in landlord-controlled greenhouse gas emissions in 2022 vs 2019 baseline
of AUM had comprehensive energy audits conducted in 2022
of AUM achieved green building certification in 2022, with 62% rated 'Very Good' or higher
of AUM received tenant satisfaction surveys since 2021
earned 5-star GRESB ratings in 2023, with 87.5/100 average score
Decarbonising our real estate portfolios
Carbon emissions are one of the biggest investment challenges of this century. As a leader in the real estate industry, we also need to be a leader in low-carbon real estate. To meet this challenge, we initiated our decarbonization project over two years ago :
- Covering our entire real estate portfolio of over 2,500 buildings.
- Prioritizing which buildings are likely to provide the best return.
- Deciding whether refurbishment or optimization is the best option.
Disciplined capex
We start by focusing on the most cost-effective measures, with an ongoing emphasis on activities that will improve energy efficiency. Many buildings will require a cost-benefit analysis to decide whether and to what extent capex should be deployed. This capex can vary widely. There may be changes to facades, windows and insulation that significantly lower emissions. It could be that there’s a way to efficiently change the main energy source or even install, for example, solar panels.
Dedicated resources
Our approach integrates decarbonisation into all our real estate activities. This project requires a significant team effort, training, data consolidation, and investment in tools. We have 18 ESG experts and over 180 asset managers globally working with tenants to make this long-term project a success and meet our fiduciary responsibility as a responsible investor.

Dolphin Square, London
We are transforming a large, historic, residential complex into a beacon of sustainability for London’s low-carbon future.

TechnoCampus, Berlin
This listed site in Berlin has transformed into an environmentally friendly, high-tech campus offering sustainable, modern and ultra-flexible office space.

22 Bishopsgate, London
Europe’s first vertical village. A shining example of how ingenuity, creativity and technology can come together to create the sustainable buildings and workplaces of the future.
Black, Paris
Explore a bold new development built on reclaimed industrial land in Paris. It’s a blueprint for the holistic office of the future.

Tour First, Paris
After more than 60 years as one of the world’s most desirable business districts, Paris La Défense has its sights set on being a global leader in sustainability. At the heart of the action is the First Tower.

Risk warning
No assurance can be given that our strategies will be successful. Investors can lose some or all of their capital invested.
Disclaimer
This marketing communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.
Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.
Companies or assets are shown for illustrative purposes only and should not be considered as advice or a recommendation for an investment strategy.
Information regarding the background and personnel of AXA IM Alts are provided for information purposes only. Such persons may not necessarily continue to be employed by AXA IM Alts, and may not perform, or continue to perform services for AXA IM Alts.