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French AXA enters Australian commercial debt market

Finance Markets / Market Trends

Feb 27 2018

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As bank funding dries up for the majority of companies, the group intends to focus on long-term senior lending, rather than mezzanine finance.

With a global asset empire worth more than $115bn, the group purchased Sydney property funds manager Eureka in 2016, and has flagged plans to grow in both the Asia Pacific and the US.

Australia has seen an increase in non-bank lenders entering the market, as a result of local banks’ increasing capital adequacy arrangements.

According to The Australian, Laurent Jacquemin, head of Asia-Pacific at AXA IM — Real Assets said Australia’s transparent and high liquid investment markets was appealing, highlighting opportunities to buy direct property in the office and hospitality markets.

“One of the areas we’re looking to expand into is commercial real estate debt,” he said.

AXA IM-Real Assets is the top non-bank lender in Europe and is also active in Japan.

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