AXA IM acquires vacant California site for $400m US industrial JV

Riverside Skyline with the Box Springs Mountains behind town.

AXA IM-Real Assets has acquired a 340,000 sq ft vacant industrial building in San Bernardino, California, for $33m (£25.3m) as part of its $400m joint venture with US investor Bixby Land.

The newly built property is situated in the ’Inland Empire’, a key industrial and logistics region in Southern California centred around the cities of Riverside and San Bernardino.

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