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AXA Real Estate announces new appointment

AXA Real Estate Investment Managers, the leading real estate manager in Europe and second globally with €39.9 billion of assets under management as at December 2010, announced that it has appointed Matthias Leube as Regional Head of Property Services Group and AXA Real Estate's Local Head of Germany.

Based in Cologne, and reporting to Anne Kavanagh, AXA Real Estate's Global Head of Property Services Group, Matthias will be responsible for all acquisitions, disposals, asset management and development activity in Germany. Additionally, as AXA Real Estate's Local Head of Germany, he will ensure the successful implementation of client and product strategies, as well as support the development and growth of the business. He will become a member of AXA Real Estate's Executive Committee.

Germany is AXA Real Estate's third biggest market, with a portfolio of properties totalling €5.4 billion, representing more than 13% of its total assets. This includes properties across the office, retail, industrial and residential sectors.



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