Appointment of Thomas Karmann as Head of Logistics

AXA Investment Managers - Real Assets appoints Head of Logistics to support growing Sector Specialists team

AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces the appointment of Thomas Karmann as Head of Logistics, effective immediately.

Reporting directly to Amal del Monaco and based in Paris, the appointment follows those in September of Joe Persechino and Vincent Mezard as Student Accommodation & Residential Specialist and Hotel Specialist respectively. These appointments form part of AXA IM - Real Assets’ strategy of building a network of experts in different fields in order to provide investor clients with access to value-enhancing opportunities, underpinned by deep sector technical expertise.

A proven leader in major logistics investment and development, Thomas brings over 25 years of sector experience having worked for several major pan-European businesses. He joins AXA IM - Real Assets from Prologis, where he was Managing Director and Region Head for Northern Europe, responsible for the profitability of the firm’s Northern Europe business and its c. 4.5 million sqm regional portfolio of completed space.

Previous roles include Senior Vice President of European Operations for Gazeley Properties Ltd, Deputy Managing Director for Germany and Central Europe at GSE and Commercial Director for Industrial & Logistics at Bouygues. Thomas holds two master’s degrees in Business Administration and Economics and Management. He has also completed the Advanced Management Program from Harvard Business School. He is a native German speaker, is fluent in French and English and has a good conversational Spanish and Dutch.

AXA IM - Real Assets currently manages a 2.6 million sqm, c. € 1.9 billion logistics portfolio, predominantly focused on its core markets of the UK, Germany and France. Thomas will be responsible for maintaining and growing AXA IM - Real Assets’ portfolio of primarily Grade-A properties, located in strategic areas with good access to infrastructure, alongside the development of new logistics projects, by leveraging its strong industry network across specialised peers, developers and brokers.

Amal Del Monaco, Head of Sector Specialists at AXA IM - Real Assets, commented: “Bringing Thomas into our team adds a vast level of cross-border European logistics experience that will further strengthen AXA IM - Real Assets’ already extensive sector specialist offering. The logistics sector continues to be firmly underpinned by strong occupational demand from a variety of occupiers, especially those in the e-commerce sector, and supported by the buoyant Eurozone.”

“This is our third major appointment within the Sector Specialists’ team in the past month, supporting our conviction that enriching our teams with deep-routed sector knowledge will allow us to deliver market outperformance on behalf of our clients by enhancing our ability to both source favorable investment opportunities and extract value from the assets we manage.”

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1) Source: INREV/ANREV Fund Manager Survey – May 2018 in terms of assets under management


Press Contacts

AXA Investment Managers – Real Assets
Charline Coué, Media Relations Manager
Jocelyne Tamssom, Head of Communications
Tel: +33 1 44 45 97 95

FTI Consulting Inc.
Richard Sunderland, Richard Gotla, Ellie Sweeney, Tom Gough
Tél: +44 20 3727 1000      

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Note to editors

AXA Investment Managers (AXA IM) is an active, long-term, global, multi-asset investor. We work with clients today to provide the solutions they need to help build a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €740 billion(1) in assets under management as at end of September 2018, AXA IM employs over 2,390 employees around the world and operates out of 30 offices across 21 countries.

AXA Investment Managers - Real Assets (AXA IM - Real Assets) has €79 billion in assets under management, including €59.8 billion in direct property & infrastructure and €15.6 billion in real asset finance as of end of September 2018(2). We offer a 360° approach to investing in real assets, which comprises opportunities in equity or debt, across different geographies and sectors, as well as via private or listed instruments. We are a global leader in real assets investment, the number one property portfolio and asset manager in Europe(3), and one of the largest worldwide. Our teams have been managing funds and mandates for over 30 years and comprise over 600 people in 14 offices that operate in over 20 countries around the world, which provide us with in-depth knowledge of countries, cities and sectors.

AXA Investment Managers is part of the AXA Group, a global leader in financial protection and wealth management.

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1 Source: AXA IM unaudited data
2 Source: AXA IM - Real Assets’ unaudited data
3 Source: INREV/ANREV Fund Manager Survey – May 2018 in terms of assets under management


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 applicable laws and regulation and is for information purposes only.  No financial decisions should be made on the basis of the information provided. Information regarding the background and personnel of AXA IM - Real Assets is provided for information purposes only. Such persons may not necessarily continue to be employed by AXA IM - Real Assets, and may not perform, or continue to perform services for AXA IM - Real Assets.