Axa Real Estate Investment Managers has appointed Martin McGuire as its new European fund manager.

McGuire will manage the core plus European Added Value Fund. He will be based in London and report to head of fund management Christian Delaire.

The fund, launched in April 2006, recently announced its final closing having attracted €422m of equity (£287m). With gearing, this takes the fund’s purchasing power to just over €1bn (£681m).