Residential & Student Housing and Hospitality appointments
AXA Investment Managers - Real Assets boosts Sector Specialists team with Residential & Student Housing and Hospitality appointments
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 that it has further bolstered its Sector Specialists team with the appointments of Joe Persechino as Head of Residential & Student Accommodation and Vincent Mezard as Head of Hospitality.
These appointments add to AXA IM - Real Assets deep pool of experts, as it seeks to widen access to even more attractive investment opportunities and enable AXA IM - Real Assets to extract maximum value for the benefit of its investor clients.
Joe Persechino joins AXA IM - Real Assets from Global Student Accommodation, where he was Commercial Operations Director for the Europe, Middle East and Asia (EMEA) region. His role included assisting with the operational and asset management underwriting of portfolio acquisitions and their subsequent integration into the platform, the specification of ground up developments/refurbishments and fostering strong relationships with universities and JV partners, as well as developing the strategy on where and how to enter new markets in the region. Prior to GSA, he spent time with Collegiate AC Ltd and Unite Group.
AXA IM - Real Assets currently manages a c. €10 billion residential portfolio spanning Europe, Asia and the U.S. Alongside this, it manages an 11,000-bed student accommodation portfolio in Europe and in the U.S, in partnership with leading operators. Based in London, Joe will play a key role in enhancing AXA IM - Real Assets’ footprint in these demographically supported sectors.
Vincent Mezard joins AXA IM - Real Assets from AccorInvest, where he was Head of Development, and oversaw the development of the real-estate focused platform of AccorHotels. Prior to that, he was Opening General Manager of the iconic Hotel Molitor Paris, MGallery by Sofitel, having also worked for Colony Capital and Bouygues Construction.
Vincent is based in London and is responsible for supporting AXA IM - Real Assets’ continued growth of its existing €2.3 billion hotel portfolio, which comprises over 70 hotels across 10 countries, and well established partnerships with major hotel brands. He will enhance AXA IM - Real Assets’ proven capabilities in hotel deal-sourcing, asset management and development, a segment where the number of business and leisure travelers across the world is expected to remain strong.
Amal Del Monaco, Head of Sector Specialists at AXA IM - Real Assets, commented: “Our objective has been to build out our Sector Specialists team alongside the other functions within the wider Asset Management & Development platform, in order to gain access to and drive the performance of those sophisticated investment opportunities which will allow us to deliver compelling returns to our clients.”
“With all real estate asset classes rapidly evolving, driven by structural demographic changes and exposed to potentially disruptive influences, it is increasingly important to be able to understand, anticipate and respond to these changes by having in place experts who are deeply embedded in what are set to be strong performing sectors. I am therefore pleased to welcome Joe and Vincent, who bring with them an intimate knowledge of sectors that are core areas of focus for us moving forward.”
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1) Source: INREV/ANREV Fund Manager Survey – May 2018 in terms of assets under management
AXA Investment Managers – Real Assets
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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 €759 billion(1) in assets under management as at end of June 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 €77 billion in assets under management, including €58.6 billion in direct property & infrastructure and €14.8 billion in real asset finance as of end of June 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.
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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
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