Axa Reim adds second regional partner after Ping An

Axa Real Estate Investment Management has followed up one local strategic relationship, announced with Ping An Group in July, with a similar deal in Japan with Sumitomo Trust & Banking. Frank Khoo, global head of Asia at Axa Reim in Singapore, says the firm last year decided to become a major player in Asia and the United States, and is looking to develop a presence in China, India, Japan and Australia. Axa Reim has €40 billion ($60 billion) under management, making it the fourt…