Ronson and AXA in new property fund

13 April 2012

PROPERTY tycoon Gerald Ronson and the specialist property arm of French insurer AXA are setting up a £250m fund to invest in hotels, offices, warehouses and shops.

Their aim is to expand the fund to about £1bn by attracting other institutional investors.

For the past ten years, returns from property have been beating shares and bonds. The fund aims to strike deals with firms eager to offload property to strengthen their balance sheets. AXA struck a deal of this type last year when it bought £150m of retail warehouses from Big Food Group and leased them back.

The insurer hopes that by teaming up with Ronson and his firm Heron International it will benefit from his entrepreneurial approach and contacts.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in