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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
