AXA IM Alts has secured €660 million in third-party capital for its European Student Accommodation Strategy (ESAS), nearly doubling the strategy’s total committed equity.
The asset manager said the additional capital was secured from new international institutional and sovereign-wealth investors, bringing the total amount raised for ESAS to €1.3 billion, without disclosing details of the investors.
AXA said it has seeded ESAS with The Boost Society, a student housing and co-living platform formed in October 2019 through the acquisition of Kley Group and rebranded in 2023.
Source: realassets.ipe.com on the 20 March 2025
https://realassets.ipe.com/news/axa-im-alts-secures-660m-for-european-student-accommodation-strategy/10129553.article