Alternatives investment manager Axa IM Alts has raised €500 million through a new green bond issuance for its flagship European logistics strategy, Axa Logistics Europe Master.
The issuance received more than €3.1 billion in orders. Proceeds will be directed toward acquiring logistics assets with advanced sustainability features and funding capital expenditure that supports the decarbonisation of the fund’s portfolio, shared the investment manager.
Planned investments include initiatives to enhance energy efficiency, wellbeing and biodiversity, as well as the rollout of renewable energy installations such as rooftop solar PV. This marked the fund’s second transaction following its inaugural deal in 2021.
The strategy holds a pan-European portfolio and focuses on modern big-box and last-mile logistics properties in supply-constrained hubs. The fund reported a 96% occupancy rate and rental reversion potential, supported by Axa IM Alts’ real estate platform. The bond was issued under Axa Logistics Europe’s Green Finance Framework, which is aligned with the voluntary guidelines of the the International Capital Market Association’s green bond principles.
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Axa IM Alts is a business unit of AXA Investment Managers, part of the BNP Paribas Group since 1st July 2025 following the closing of its acquisition.
Timothé Rauly, global co-head of real estate at Axa IM Alts, commented: “We believe that the exceptionally strong demand we received for this new green bond, being more than six times oversubscribed, is a powerful endorsement of the quality of the portfolio our team has carefully curated for AXA Logistics Europe since its launch in 2019.”
