AXA Investment Managers completed the acquisition of a 75% stake in Italie Deux from Hammerson for $525m.

AXA Investment Managers, an investment management company, completed the acquisition of a 75% stake in Italie Deux, a large shopping centre in Paris, from Hammerson, a major British property development and investment company, for $525m. “These transactions provide us with an almost unique opportunity to secure access to two prime central Paris retail destinations, on behalf of clients, both of which would otherwise rarely come to market. Both the Italie Deux shopping center and the ‘Passage du Havre’ retail-led mixed-use asset benefit from superb central locations, high footfall, and offer opportunities to create value, including leasing vacant space.” Antoine Mesnage, Head of Acquisitions France AXA IM.