The French insurer AXA has replaced Testa with the Catalan firm, B Capital Partners, whereby boosting the size of its portfolio of assets under management by 40%. From now on, B Capital Partners will manage the 600 rental homes that AXA bought from Blackstone last spring, according to El Confidencial.
In total, the portfolio that B Capital will now manage comprises six developments in different locations across the Spanish capital. Until July, AXA’s properties were managed by Testa, and following their purchase, the insurer has begun listing them in Paris through two different Socimis.
Read the full article in Spanish.