French fund manager AXA became the latest casualty of the slowdown in the commercial property market on Thursday after imposing a six-month freeze on investors looking to flee the sector. The group said it had decided to implement 'a temporary deferral' to fund switches out, surrenders from and transfers out of two funds, AXA Life Property and AXA Pension Property.
Finnish real estate manager Sirius Capital Partners, through a recently formed affiliate, has purchased a portfolio of four residential buildings in Helsinki, Finland.
