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News Release

Zurich

JLL is new appraiser of the AXA Immovation funds


​AXA Investment Managers Schweiz AG ("AXA IM") appoints JLL Switzerland as new independent appraiser for the two real estate funds AXA Immovation Commercial and AXA Immovation Residential. As of the year 2017, JLL will be responsible for the regular semi-annual valuation of large parts of the existing portfolio as well as for valuations for acquisition purposes. The total portfolio of the two AXA Immovation funds consists of 49 properties with a market value of around CHF 760 million. JLL will appraise 29 properties of the portfolio with a market value of around CHF 390 million.

The JLL valuation team is led by FINMA accredited real estate appraisers Daniel Macht and Patrik Stillhart.

JLL has also been acting as the independent appraiser for the two real estate portfolios of insurers AXA Leben AG und AXA Versicherungen AG since 2013. The new mandate for the real estate funds deepens the well-established and proven collaboration between AXA IM and JLL further.