AXA IM to acquire the Bry-sur-Marne film studio for $160m.

AXA IM, AXA’s alternative investment subsidiary, agreed to acquire the Bry-sur-Marne film studio, one of the largest French filming complexes for cinema and television series, for $160m. AXA IM Alts specifies that this is its first transaction in the booming sector of series and film production, but has the ambition to significantly develop its platform of studio real estate assets. The studio sector is characterized by a shortage of suitable space, accentuated by land constraints in and around major European cities and municipalities, as well as rising energy and construction costs.