Real Assets
Investment in Agility Trains follows first equity invesmtent in French toll road. : AXA Investment Managers–Real Assets is making its first direct investment in UK infrastructure, agreeing to buy 15% of Agility Trains West from John Laing for close to £230m (€260m). Agility Trains West will finance, own and maintain 57 new Hitachi Class 800 intercity express trains. The trains are subject to a government-backed 27.5-year usage guarantee and will be maintained by Hitachi. The bi-modal trains can operate on electrified railway tracks and non-electrified tracks by generating their own electricity using on-board engines.