Term Sheet: Aareal’s performance, BNP Paribas’ play for AXA IM, a key UK refinancing

German lender Aareal’s latest results provide an insight into market conditions, including for office lending; BNP Paribas’ reported bid for AXA Investment Managers promises to make waves in financial services, including real estate management; Deutsche Bank recoups its capital following a refinancing of Birmingham’s Mailbox; and more in today's briefing, exclusively for our valued subscribers.

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