Press release archive

29 December 2014

M&G Real Estate concludes 2014 with circa £4 billion of global transactions

  • £7.3 billion transacted over last 2 years
  • £3.2 billion of acquisitions in 2014 with an average deal size of circa £50 million
  • Around 6.5 million sq ft of lettings in UK, Europe and Asia
  • 3.3 million sq ft in development

Read more

22 December 2014

M&G Investments acquires £173.4 million Gala bingo portfolio

M&G Investments (“M&G”), the international investment manager, has completed a sale and lease back deal with Gala Leisure Limited (“Gala”) on a portfolio of 47 bingo clubs for £173.4 million, representing a net initial yield of 8.46%. A further five properties are due to complete shortly. The portfolio is let to Gala, the UK’s largest bingo operator, for 25 years on a full repairing and insuring basis at an initial rent of £15.52 million with annual reviews linked to inflation.

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15 December 2014

M&G funds £4.9 billion of private financing deals in 2014

  • Pension funds investing for income and security bridging the gap in UK corporate financing

Read more

12 December 2014

M&G Real Estate expands retail team with eight new recruits

M&G Real Estate has appointed eight new members of staff, bolstering its retail team in response to recent acquisitions and increased asset management and development activities.

Read more

10 December 2014

M&G Real Estate makes final South East office play of 2014 with purchase of Guildford based office park

M&G Real Estate has purchased London Square Office Park, Guildford, from IM Properties Ltd for in excess of £43 million.

Read more

25 November 2014

M&G Real Estate continues to invest in Reading

  • £94.5m acquisition adds to growing portfolio in Reading City Centre
  • Acquisition made in the same week as a 100,000 sq ft letting on Acre Road

Read more

24 November 2014

Christian Action Housing borrows £50m from M&G Investments

  • North London housing association increases capacity to develop 260 new homes

Read more

24 November 2014

M&G Real Estate acquires £110 million South East shopping centre

M&G Real Estate announces today the acquisition of Fremlin Walk in Maidstone for £110 million from Legal & General Property, reflecting a net initial yield of six per cent.

Read more

10 November 2014

M&G Real Estate welcomes PayStream to refurbished office scheme in Altrincham

M&G Real Estate has signed a letting agreement with taxation and accountancy services provider, PayStream, at its Hamilton House office scheme in Altrincham town centre. The deal follows recent lettings to Heywood Software and a lease renewal with existing tenant Hitachi Data Systems.

Read more

5 November 2014

M&G Real Estate to provide development funding for central Leeds office scheme

  • Expected development value of £96 million
  • Deal currently represents the largest ever speculative funding in Leeds

Read more

4 November 2014

610 new homes on the cards after £25m funding secured

  • Suffolk Housing in private placement deal with M&G Investments

Read more

4 November 2014

Ocean Housing borrows £50m from M&G Investments

  • Cornish housing association in private placement deal

Read more

28 October 2014

European logistics: Rental growth recovery expected over next 18 months after five years of decline

  • Industrial sector offering higher yield spreads than retail and offices
  • Northern Europe leads Southern Europe for occupier take up

Read more

17 October 2014

M&G Investments and Priory Group complete £223 million hospital sale and lease back deal

Leading investment manager M&G Investments (“M&G”) and Priory Group (“The Priory”), the UK’s leading independent provider of specialist care, have agreed a sale and leaseback deal on six sites, to the value of £223 million.

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15 October 2014

M&G Real Estate agrees major warehouse letting

  • Largest industrial letting of the year for Southern M25 market

Read more

13 October 2014

M&G Real Estate boosts Asia property portfolio with acquisitions in Japan

M&G Real Estate has acquired 12 residential properties and an office building in Japan as part of its strategy to improve long-term income and add diversification to its core Asia real estate portfolio.

Read more

6 October 2014

UK commercial property: Good chance of posting best returns in 25 years according to M&G Real Estate

  • Industrials and offices to lead the charge powered by improving rents and strong investor interest

Read more

29 September 2014

M&G Real Estate acquires Grade A office development in Reading for £33 million

  • Reading City Centre office development offers attractive risk adjusted returns

Read more

23 September 2014

M&G Investments provides £30 million of debt finance as part of a broader refinancing of Holidaybreak

  • M&G joins syndicate as the only non-bank lender

Read more

15 September 2014

M&G Real Estate appoints Lucy Williams to lead capital raising activity in UK and Europe

M&G Real Estate today announces the appointment of Lucy Williams, who joins the business as Director, Institutional Business, UK & Europe. She reports to Christopher Andrews, Head of Client Relations and Marketing.

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11 September 2014

M&G Real Estate strengthens Japan asset management capability with appointment of senior asset manager

M&G Real Estate has appointed Itsusaburo Hirayama as Senior Asset Manager, Japan, in a newly created role. The appointment reflects the firm’s on-going commitment to extract superior investment performance from its Japanese properties and further diversify its Japanese real estate portfolio.

Read more

8 September 2014

M&G Real Estate acquires Two Snowhill in off-market transaction

  • High specification, landmark Birmingham office building changes hands

Read more

3 September 2014

M&G Investments provides £25 million of development finance for student accommodation at the University of St Andrews

  • Deal enables construction of 324 bed student residence
  • M&G to receive 40-year inflation-linked income stream

Read more

1 September 2014

M&G Real Estate strengthens residential investment with new recruit

M&G Real Estate is delighted to announce the appointment of Steven Hollands, who joins the business as Residential Investment Manager.

Read more

28 August 2014

M&G Real Estate spends £22 million in leading industrial location in London

M&G Real Estate today announces the £22.625 million acquisition of a 106,910 sq ft distribution warehouse in Park Royal, London, representing a net initial yield of 5.25%. The property was purchased from Standard Life Investments

Read more

28 August 2014

New M&G fixed income fund offers retail investors a fund for the next phase of the interest rate cycle

  • Innovative use of high yield floating rate notes

Read more

27 August 2014

M&G Real Estate purchases Aldgate office

  • August acquisitions for M&G Property Portfolio total close to £200 million

Read more

18 August 2014

M&G Real Estate's Apex Plaza fully let as CommValut and Aldermore snap up last remaining space

M&G Real Estate has let a further 14,769 sq ft of office space at its Apex Plaza office complex in central Reading. The scheme is now fully let after existing tenants CommVault and Aldermore Bank took 7,619 sq ft and 7,150 sq ft respectively.

Read more

12 August 2014

M&G Real Estate welcomes Selco to Orchard Business Centre in Surrey

M&G Real Estate has let Unit 1 Orchard Business Centre in Salfords, Redhill to Selco Builders Warehouse. The industrial estate is held as part of M&G Real Estate’s UK commercial property strategy for institutional investors, managed by Dermot Kiernan and Matthew Peake.

Read more

11 August 2014

M&G Real Estate goes shopping in south Wales for £156 million retail park

M&G Real Estate today announces the acquisition of Parc Trostre, Llanelli for £156 million, reflecting a net initial yield of 5.07%. This off market transaction was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton, and sees M&G Real Estate purchase from Developer Stadium, owner since the park was developed in 1988.

Read more

5 August 2014

Gillian Tiltman resigns as manager of the M&G Global Real Estate Securities Fund

  • Future of the Fund under review
  • Richard O’Connor becomes new manager with immediate effect

Read more

4 August 2014

One Vision Housing borrows £40 million from M&G investments

  • Merseyside housing association in private placement deal

Read more

24 July 2014

M&G Real Estate: Japan, land of the rising resi returns – yet still uncharted waters for foreign investors

Japan’s residential sector is now offering high income-driven returns as its economy recovers, yet the sector remains uncharted waters for foreign institutional investors, according to the latest research published today by M&G Real Estate.

Read more

16 July 2014

M&G Investments provides £238 million financing package to Northern Trust

M&G Investments (“M&G”), a leading international investment manager, has completed a deal to provide £238 million of financing for Northern Trust Group, the property investment, development and land regeneration company.

Read more

16 July 2014

M&G Investments provides development finance to the tune of £36.9 million for Royal College of Music student accommodation

  • Deal enables construction of 417 bed student residence
  • M&G to receive 45-year inflation-linked income stream

Read more

9 July 2014

M&G Real Estate signs 10-year lease with Manpower in Leeds

M&G Real Estate welcomes recruitment firm Manpower to its Toronto Square office building in the heart of Leeds city centre’s business district. Manpower has signed a 10-year lease for 2,041 sq ft on the first floor of the building.

Read more

7 July 2014

M&G Real Estate announces its first private rented sector forward funding deal with HUB

M&G Real Estate today confirms the development of 152 new private rental homes in Acton, West London, in partnership with mid-market specialist developer, HUB.

Read more

1 July 2014

M&G Real Estate: Asia Pacific offices on the up

Asia Pacific’s Grade B office assets have spurred institutional investors’ appetite, according to the latest research published today by leading global real estate fund manager M&G Real Estate. The report found that investors are focused on the market on account of the secondary asset group’s higher income yields and improving rental prospects.

Read more

30 June 2014

M&G Real Estate acquires £46 million business park in Thames Valley

M&G Real Estate today announces the acquisition of Quantum Business Park in Maidenhead for £46.7 million, representing a net initial yield of 6.7%. This off market transaction was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and deputy manager, Justin Upton of M&G Real Estate.

Read more

30 June 2014

M&G Real Estate to provide £80 million development funding for major office scheme at Quartermile in heart of Edinburgh

M&G Real Estate today confirms it is to provide £80 million of development finance for the Edinburgh city centre landmark development, Quartermile, owned by Moorfield Real Estate Fund III (MREFIII). The deal enables Moorfield Group and Quartermile to speculatively develop the remaining two offices in the development, Quartermile 3 and Quartermile 4. It is believed to be one of the largest speculative office funding deals to have ever been undertaken in Scotland.

Read more

27 June 2014

M&G Real Estate acquires 500,000 sq ft of landmark Manchester office space

M&G Real Estate has exchanged contracts with EY on 500,000 sq ft of prime Manchester office space for a valuation in excess of £306 million. The purchase of 1 Spinningfields Square was made on behalf of an internal client fund of M&G Real Estate – 1 Hardman Boulevard, was purchased on behalf of a third party client of M&G Investments.

Read more

9 June 2014

M&G Real Estate diversifies core Asia property portfolio with US$200 million of acquisitions

M&G Real Estate has acquired two properties in Japan and one in Australia as it looks to build long term sustainable income and further diversify its core Asia real estate portfolio. The three properties have a combined market value of over US$200 million.

Read more

3 June 2014

M&G Real Estate secures 162,000 sq ft letting in Flintshire

M&G Real Estate has agreed terms on a 162,116 sq ft warehouse and distribution unit in Deeside, Flintshire. The agreement is the largest industrial deal so far this year in the North West.

Read more

2 June 2014

M&G Real Estate purchases warehouse in UK distribution Heartland for £32 million

M&G Real Estate today announces the acquisition of Indesit’s distribution warehouse in Raunds, Northamptonshire for £32.5 million, representing a net initial yield of 6.36% and a guaranteed reversionary yield of 7.19% in January 2016. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton of M&G Real Estate.

Read more

28 May 2014

M&G Real Estate signs up three new tenants at French business park in south-western suburbs of Paris

M&G Real Estate today confirms the completion of three new leasing agreements totalling 6,700 sq m of office space at its French business park development, Le Val Saint Quentin – Voisin le Bretonneux (78) in the Ile-de-France region.

Read more

27 May 2014

Pension fund appetite for long-income real estate assets continues to grow, says M&G

In an uncertain world, pension funds continue to hunt in the real estate market for attractive long term cash flows and protection against inflation, says Ben Jones, manager of the M&G Secured Property Income Fund at M&G Investments.

Read more

20 May 2014

M&G Real Estate wecomes Mott MacDonald to Renaissance in Croydon

M&G Real Estate today confirms that global management and development agency Mott MacDonald, have taken the 20,997 sq ft fourth floor at its Renaissance office development in Croydon on a lease until 2024.

Read more

20 May 2014

M&G confirms plans for new City headquarters at 10 Fenchurch Avenue

M&G Investments, the leading investment manager, today confirms plans to relocate to new London headquarters to be developed at 10 Fenchurch Avenue, EC3.

Read more

19 May 2014

M&G Real Estate makes £35million off market office acquisition in Reading

M&G Real Estate today announces the acquisition of Reading Bridge House for £35.million, representing a net initial yield of 7.31%. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and deputy manager, Justin Upton of M&G Real Estate.

Read more

19 May 2014

Danske Capital Veteran to Manage M&G Global Growth Fund

M&G Investments (“M&G”) today announces that John William Olsen will take responsibility for the M&G Global Growth Fund and the M&G Pan European Fund with effect from 1 July, pending regulatory approval for him to manage the funds.

Read more

6 May 2014

M&G Real Estate acquires 108 Cannon Street in off market transaction

M&G Real Estate today announces the acquisition of the freehold interest in 108 Cannon Street, London EC4 from Chenavari Investment Management for approximately £21.5 million. The purchase was made on behalf of the M&G Property Portfolio, which is managed by Fiona Rowley and deputy manager Justin Upton.

Read more

28 April 2014

M&G Real Estate agrees terms with Wincor Nixdorf in Bracknell

M&G Real Estate has agreed to let 21,125 sq ft at its ONE Bracknell Boulevard office headquarters to Wincor Nixdorf Limited, one of the world’s leading providers of IT solutions and services to retail banks and the retail industry. Wincor Nixdorf has taken a 10-year lease at a rent of £17 per sq ft.

Read more

24 April 2014

M&G Real Estate acquires Royal Mail distribution unit in Normanton, West Yorkshire

M&G Real Estate today announces the acquisition of a distribution warehouse in Normanton for £12.996m (£59 psf), representing an initial yield of 7%. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton.

Read more

22 April 2014

M&G Real Estate: 'Risk off' to 'risk on' change underway as investment sentiment improves

Investor attitudes to risk have improved significantly over the past 12 months, fuelling strong investment and real estate transaction volumes at a five-year high, according to leading global fund manager M&G Real Estate.

Read more

17 April 2014

M&G Real Estate signs up Hogarth Worldwide in Edinburgh

M&G Real Estate has agreed to let 8,633 sq ft on a 10-year lease to Hogarth Worldwide, a global marketing implementation agency, at its Grade A office development at Waverleygate in Edinburgh.

Read more

15 April 2014

M&G Investments provides €110 million of mortgage finance for Dutch residential portfolio

M&G Investments ("M&G"), a leading international fund management group, has completed the largest acquisition financing of Dutch residential property since the start of the credit crisis. With a €110 million senior commercial mortgage M&G, as a relative value investor, again shows its ability to underwrite large loans and its commitment as a large lender in European residential portfolios.

Read more

9 April 2014

In an uncertain world might floating rate assets be a pension fund's best friend? Ask M&G's Lloyd

The UK’s economic recovery may be looking healthier by the day, says David Lloyd, head of institutional portfolio management at M&G Investments, but many uncertainties remain. The best thing that pension funds could do in fixed income right now is re-evaluate their allocations to high yield and look for cheap floating rate assets.

Read more

8 April 2014

M&G Real Estate agrees two office lettings in Coventry

M&G Real Estate, has agreed to let 4173 sq ft at Five Riverstone, Middlemarch Office Park, Coventry to BMS Sales Specialists LLP (BMS), the UK’s leading provider of sales and recruitment services. BMS will take the entire ground and first floor at the premises.

Read more

7 April 2014

M&G sweeps supermarket out of portfolio

M&G Investments, a leading international investment manager, has sold the Sainsbury’s supermarket store in Worcester to the BP Pension Scheme, for £27.25m, representing a net initial yield of 4.18%. The lease had 21.7 years remaining with annual RPI increases collared at 0-4%.

Read more

3 April 2014

Edinburgh housing association Link Group borrows £45 million in private placement deal with M&G Investments

Link Group Ltd, the Edinburgh based housing association, and M&G Investments, a leading international investment manager, have struck a deal that provides the former with £45 million of long-term institutional financing.

Read more

24 March 2014

UK residential property draws increasing Dutch interest - M&G

Dutch institutional investors are showing increasing interest in UK residential housing, with the UK private rented sector (PRS) set to continue outperforming European counterparts, says Stefan Cornelissen of leading European fund manager M&G Investments.

Read more

13 March 2014

M&G’S international net retail sales reach record 8.9 billion euros* in 2013

M&G Investments (“M&G”), one of Europe’s leading asset managers, has reported record net retail fund sales of €8.9 billion* in its established European markets and in Asia in 2013.

Read more

11 March 2014

M&G Investments raises £1.35 billion for junior commercial mortgage funds

M&G Investments has completed the fundraising for its two new junior commercial mortgage funds, reaching £1.35 billion of capital commitments from over 40 institutional investors from Europe and the US.

Read more

6 March 2014

M&G Real Estate's Alex Greaves: Latest data on UK real estate a strong endorsement for investment into private rented sector

For Alex Greaves, residential fund manager at M&G Real Estate, the recent news that the size of the UK private rented sector has outgrown the social rented housing sector for the first time is a further justification of why the residential sector is such a viable space to invest in for institutional investors.

Read more

28 August 2014

M&G Real Estate spends £22 million in leading industrial location in London

M&G Real Estate today announces the £22.625 million acquisition of a 106,910 sq ft distribution warehouse in Park Royal, London, representing a net initial yield of 5.25%. The property was purchased from Standard Life Investments

Read more

28 August 2014

New M&G fixed income fund offers retail investors a fund for the next phase of the interest rate cycle

  • Innovative use of high yield floating rate notes

Read more

27 August 2014

M&G Real Estate purchases Aldgate office

  • August acquisitions for M&G Property Portfolio total close to £200 million

Read more

18 August 2014

M&G Real Estate's Apex Plaza fully let as CommValut and Aldermore snap up last remaining space

M&G Real Estate has let a further 14,769 sq ft of office space at its Apex Plaza office complex in central Reading. The scheme is now fully let after existing tenants CommVault and Aldermore Bank took 7,619 sq ft and 7,150 sq ft respectively.

Read more

12 August 2014

M&G Real Estate welcomes Selco to Orchard Business Centre in Surrey

M&G Real Estate has let Unit 1 Orchard Business Centre in Salfords, Redhill to Selco Builders Warehouse. The industrial estate is held as part of M&G Real Estate’s UK commercial property strategy for institutional investors, managed by Dermot Kiernan and Matthew Peake.

Read more

11 August 2014

M&G Real Estate goes shopping in south Wales for £156 million retail park

M&G Real Estate today announces the acquisition of Parc Trostre, Llanelli for £156 million, reflecting a net initial yield of 5.07%. This off market transaction was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton, and sees M&G Real Estate purchase from Developer Stadium, owner since the park was developed in 1988.

Read more

5 August 2014

Gillian Tiltman resigns as manager of the M&G Global Real Estate Securities Fund

  • Future of the Fund under review
  • Richard O’Connor becomes new manager with immediate effect

Read more

4 August 2014

One Vision Housing borrows £40 million from M&G investments

  • Merseyside housing association in private placement deal

Read more

24 July 2014

M&G Real Estate: Japan, land of the rising resi returns – yet still uncharted waters for foreign investors

Japan’s residential sector is now offering high income-driven returns as its economy recovers, yet the sector remains uncharted waters for foreign institutional investors, according to the latest research published today by M&G Real Estate.

Read more

16 July 2014

M&G Investments provides £238 million financing package to Northern Trust

M&G Investments (“M&G”), a leading international investment manager, has completed a deal to provide £238 million of financing for Northern Trust Group, the property investment, development and land regeneration company.

Read more

16 July 2014

M&G Investments provides development finance to the tune of £36.9 million for Royal College of Music student accommodation

  • Deal enables construction of 417 bed student residence
  • M&G to receive 45-year inflation-linked income stream

Read more

9 July 2014

M&G Real Estate signs 10-year lease with Manpower in Leeds

M&G Real Estate welcomes recruitment firm Manpower to its Toronto Square office building in the heart of Leeds city centre’s business district. Manpower has signed a 10-year lease for 2,041 sq ft on the first floor of the building.

Read more

7 July 2014

M&G Real Estate announces its first private rented sector forward funding deal with HUB

M&G Real Estate today confirms the development of 152 new private rental homes in Acton, West London, in partnership with mid-market specialist developer, HUB.

Read more

1 July 2014

M&G Real Estate: Asia Pacific offices on the up

Asia Pacific’s Grade B office assets have spurred institutional investors’ appetite, according to the latest research published today by leading global real estate fund manager M&G Real Estate. The report found that investors are focused on the market on account of the secondary asset group’s higher income yields and improving rental prospects.

Read more

30 June 2014

M&G Real Estate acquires £46 million business park in Thames Valley

M&G Real Estate today announces the acquisition of Quantum Business Park in Maidenhead for £46.7 million, representing a net initial yield of 6.7%. This off market transaction was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and deputy manager, Justin Upton of M&G Real Estate.

Read more

30 June 2014

M&G Real Estate to provide £80 million development funding for major office scheme at Quartermile in heart of Edinburgh

M&G Real Estate today confirms it is to provide £80 million of development finance for the Edinburgh city centre landmark development, Quartermile, owned by Moorfield Real Estate Fund III (MREFIII). The deal enables Moorfield Group and Quartermile to speculatively develop the remaining two offices in the development, Quartermile 3 and Quartermile 4. It is believed to be one of the largest speculative office funding deals to have ever been undertaken in Scotland.

Read more

27 June 2014

M&G Real Estate acquires 500,000 sq ft of landmark Manchester office space

M&G Real Estate has exchanged contracts with EY on 500,000 sq ft of prime Manchester office space for a valuation in excess of £306 million. The purchase of 1 Spinningfields Square was made on behalf of an internal client fund of M&G Real Estate – 1 Hardman Boulevard, was purchased on behalf of a third party client of M&G Investments.

Read more

9 June 2014

M&G Real Estate diversifies core Asia property portfolio with US$200 million of acquisitions

M&G Real Estate has acquired two properties in Japan and one in Australia as it looks to build long term sustainable income and further diversify its core Asia real estate portfolio. The three properties have a combined market value of over US$200 million.

Read more

3 June 2014

M&G Real Estate secures 162,000 sq ft letting in Flintshire

M&G Real Estate has agreed terms on a 162,116 sq ft warehouse and distribution unit in Deeside, Flintshire. The agreement is the largest industrial deal so far this year in the North West.

Read more

2 June 2014

M&G Real Estate purchases warehouse in UK distribution Heartland for £32 million

M&G Real Estate today announces the acquisition of Indesit’s distribution warehouse in Raunds, Northamptonshire for £32.5 million, representing a net initial yield of 6.36% and a guaranteed reversionary yield of 7.19% in January 2016. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton of M&G Real Estate.

Read more

28 May 2014

M&G Real Estate signs up three new tenants at French business park in south-western suburbs of Paris

M&G Real Estate today confirms the completion of three new leasing agreements totalling 6,700 sq m of office space at its French business park development, Le Val Saint Quentin – Voisin le Bretonneux (78) in the Ile-de-France region.

Read more

27 May 2014

Pension fund appetite for long-income real estate assets continues to grow, says M&G

In an uncertain world, pension funds continue to hunt in the real estate market for attractive long term cash flows and protection against inflation, says Ben Jones, manager of the M&G Secured Property Income Fund at M&G Investments.

Read more

20 May 2014

M&G Real Estate wecomes Mott MacDonald to Renaissance in Croydon

M&G Real Estate today confirms that global management and development agency Mott MacDonald, have taken the 20,997 sq ft fourth floor at its Renaissance office development in Croydon on a lease until 2024.

Read more

20 May 2014

M&G confirms plans for new City headquarters at 10 Fenchurch Avenue

M&G Investments, the leading investment manager, today confirms plans to relocate to new London headquarters to be developed at 10 Fenchurch Avenue, EC3.

Read more

19 May 2014

M&G Real Estate makes £35million off market office acquisition in Reading

M&G Real Estate today announces the acquisition of Reading Bridge House for £35.million, representing a net initial yield of 7.31%. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and deputy manager, Justin Upton of M&G Real Estate.

Read more

19 May 2014

Danske Capital Veteran to Manage M&G Global Growth Fund

M&G Investments (“M&G”) today announces that John William Olsen will take responsibility for the M&G Global Growth Fund and the M&G Pan European Fund with effect from 1 July, pending regulatory approval for him to manage the funds.

Read more

6 May 2014

M&G Real Estate acquires 108 Cannon Street in off market transaction

M&G Real Estate today announces the acquisition of the freehold interest in 108 Cannon Street, London EC4 from Chenavari Investment Management for approximately £21.5 million. The purchase was made on behalf of the M&G Property Portfolio, which is managed by Fiona Rowley and deputy manager Justin Upton.

Read more

28 April 2014

M&G Real Estate agrees terms with Wincor Nixdorf in Bracknell

M&G Real Estate has agreed to let 21,125 sq ft at its ONE Bracknell Boulevard office headquarters to Wincor Nixdorf Limited, one of the world’s leading providers of IT solutions and services to retail banks and the retail industry. Wincor Nixdorf has taken a 10-year lease at a rent of £17 per sq ft.

Read more

24 April 2014

M&G Real Estate acquires Royal Mail distribution unit in Normanton, West Yorkshire

M&G Real Estate today announces the acquisition of a distribution warehouse in Normanton for £12.996m (£59 psf), representing an initial yield of 7%. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton.

Read more

22 April 2014

M&G Real Estate: 'Risk off' to 'risk on' change underway as investment sentiment improves

Investor attitudes to risk have improved significantly over the past 12 months, fuelling strong investment and real estate transaction volumes at a five-year high, according to leading global fund manager M&G Real Estate.

Read more

17 April 2014

M&G Real Estate signs up Hogarth Worldwide in Edinburgh

M&G Real Estate has agreed to let 8,633 sq ft on a 10-year lease to Hogarth Worldwide, a global marketing implementation agency, at its Grade A office development at Waverleygate in Edinburgh.

Read more

15 April 2014

M&G Investments provides €110 million of mortgage finance for Dutch residential portfolio

M&G Investments ("M&G"), a leading international fund management group, has completed the largest acquisition financing of Dutch residential property since the start of the credit crisis. With a €110 million senior commercial mortgage M&G, as a relative value investor, again shows its ability to underwrite large loans and its commitment as a large lender in European residential portfolios.

Read more

9 April 2014

In an uncertain world might floating rate assets be a pension fund's best friend? Ask M&G's Lloyd

The UK’s economic recovery may be looking healthier by the day, says David Lloyd, head of institutional portfolio management at M&G Investments, but many uncertainties remain. The best thing that pension funds could do in fixed income right now is re-evaluate their allocations to high yield and look for cheap floating rate assets.

Read more

8 April 2014

M&G Real Estate agrees two office lettings in Coventry

M&G Real Estate, has agreed to let 4173 sq ft at Five Riverstone, Middlemarch Office Park, Coventry to BMS Sales Specialists LLP (BMS), the UK’s leading provider of sales and recruitment services. BMS will take the entire ground and first floor at the premises.

Read more

7 April 2014

M&G sweeps supermarket out of portfolio

M&G Investments, a leading international investment manager, has sold the Sainsbury’s supermarket store in Worcester to the BP Pension Scheme, for £27.25m, representing a net initial yield of 4.18%. The lease had 21.7 years remaining with annual RPI increases collared at 0-4%.

Read more

3 April 2014

Edinburgh housing association Link Group borrows £45 million in private placement deal with M&G Investments

Link Group Ltd, the Edinburgh based housing association, and M&G Investments, a leading international investment manager, have struck a deal that provides the former with £45 million of long-term institutional financing.

Read more

24 March 2014

UK residential property draws increasing Dutch interest - M&G

Dutch institutional investors are showing increasing interest in UK residential housing, with the UK private rented sector (PRS) set to continue outperforming European counterparts, says Stefan Cornelissen of leading European fund manager M&G Investments.

Read more

13 March 2014

M&G’S international net retail sales reach record 8.9 billion euros* in 2013

M&G Investments (“M&G”), one of Europe’s leading asset managers, has reported record net retail fund sales of €8.9 billion* in its established European markets and in Asia in 2013.

Read more

11 March 2014

M&G Investments raises £1.35 billion for junior commercial mortgage funds

M&G Investments has completed the fundraising for its two new junior commercial mortgage funds, reaching £1.35 billion of capital commitments from over 40 institutional investors from Europe and the US.

Read more

6 March 2014

M&G Real Estate's Alex Greaves: Latest data on UK real estate a strong endorsement for investment into private rented sector

For Alex Greaves, residential fund manager at M&G Real Estate, the recent news that the size of the UK private rented sector has outgrown the social rented housing sector for the first time is a further justification of why the residential sector is such a viable space to invest in for institutional investors.

Read more

24 February 2014

M&G Real Estate re-lets to Cunningham Lindsey in Reading

M&G Real Estate, the real estate fund management arm of M&G Investments, has agreed new terms with existing occupier Cunningham Lindsey, which is committing to remain in the Apex Plaza in Reading town centre for the next five years.

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24 February 2014

M&G Investments acquires a health club real estate portfolio in £92 million Bannatyne refinancing

M&G Investments, the leading investment manager, has reached a £92 million deal with The Bannatyne Group involving the sale and lease back of the ground leases of 39 Bannatyne’s Health Clubs.

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10 February 2014

M&G expands distribution in France by becoming first international fund manager to join leading workplace savings platform

M&G Investments (“M&G”), one of Europe’s leading asset managers, has signed a distribution deal that will give 80,000 French employees at 8,000 companies access to M&G’s investment expertise.

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4 February 2014

M&G Investments hires global equities fund manager from Danske Capital

M&G Investments, a leading international asset manager, has appointed John William Olsen to its equities fund management team.

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3 February 2014

Fund manager changes within M&G's retail fixed interest team

M&G Investments today announces changes to the management of three of its retail fixed interest funds with immediate effect.

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20 January 2014

M&G Real Estate bolsters senior management team with appointment of Tony Brown as Chief Investment Officer

M&G Real Estate today announces the appointment of Tony Brown as Chief Investment Officer and member of the M&G Real Estate board. He joined on Monday 13 January and reports directly to Alex Jeffrey, Chief Executive of M&G Real Estate.

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15 January 2014

M&G Real Estate celebrates 150 year anniversary in property investment with record deal volume

M&G Real Estate has marked the start of its 150th anniversary by announcing that it has completed or committed to £3.5 billion worth of deals in the past 12 months. This total includes over £2.5 billion of acquisitions, across 123 individual assets mainly in UK commercial real estate, but increasingly in UK residential and international property.

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13 January 2014

M&G Real Estate acquires landmark bankside development for £122 million

M&G Real Estate today confirms the acquisition of the freehold interest of Riverside House on the Southbank of the Thames for £122 million, equating to a net initial yield of 5.74%. The transaction is made on behalf of the M&G Property Portfolio, which is managed by Fiona Rowley and Justin Upton of M&G Real Estate.

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12 January 2014

M&G Investments lends £20 million to South West Brewer Hall & Woodhouse

M&G Investments has provided a £20 million ten year loan to Hall & Woodhouse, an independent regional brewer and owner of over 200 public houses, as part of its continuing programme to provide long-term financing to established and ambitious mid-sized UK companies.

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10 January 2014

M&G Real Estate submits plans for Lumina development in Birmingham

M&G Real Estate today announces the proposals for the development of a 240,000 sq ft Grade A office building in Birmingham’s city core have been submitted for planning. The proposals for “Lumina” have been submitted by Sterling Property Ventures on behalf of M&G Real Estate.

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9 January 2014

M&G Real Estate partners with Aberdeen Asset Management to create £210 million client fund structure

M&G Real Estate has formed a joint venture with Aberdeen Asset Management to create a new fund structure, known as The Two Rivers Limited Partnership, with a value in excess of £210 million.

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8 January 2014

M&G Real Estate leases Hollywood House following major refurbishment

M&G Real Estate today announces the letting of the final floor at Hollywood House, Woking, to FE, a leader in the provision of investment data, software tools and performance analysis to the financial services industry. FE takes just under 9,000 sq ft on the third floor at a rent of £23.50 per sq ft.

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7 January 2014

M&G Investments provides £30 million of debt finance as part of a broader refinancing of Caffè Nero

M&G Investments has continued its programme of providing long term finance to UK mid-sized firms with £30 million of new debt finance for Caffè Nero, Europe’s largest independent coffee shop group.

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16 December 2013

M&G Real Estate looks to diversify core Asia Property Portfolio with Japanese acquisition

As part of its strategy to improve diversification and provide consistent, long-term income in its core Asia real estate portfolio, M&G Real Estate has acquired Merado Daikai, a retail property in an established urban residential neighbourhood of central Kobe, Japan.

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12 December 2013

M&G Real Estate's Fiona Rowley: Why I'm positive on outlook for UK commercial property in 2014

According to Fiona Rowley, manager of the M&G Property Portfolio, the outlook for UK commercial property in 2014 continues to improve, driven principally by the strengthening UK economy.

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5 December 2013

M&G Real Estate appoints Hyesik Ryu as Korea lead

M&G Real Estate announced today the appointment of Hyesik Ryu as Managing Director to lead its business in South Korea. This is a newly created role and the real estate fund management arm of M&G Investments says that the appointment reflects the strategic internationalisation of its business and commitment to diversifying its portfolio of Asian real estate assets.

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4 December 2013

M&G Real Estate announces £140 million off market inudstrial acquisition from Europa Capital / M7 Real Estate joint ventures

M&G Real Estate today announces the acquisition of two portfolios comprising 46 high yielding multi-let light industrial estates from Europa Capital/M7 Real Estate Joint Ventures for £140 million.

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2 December 2013

James Tomlins appointed co-manager of the M&G High Yield Corporate Bond Fund

M&G Investments today announces that James Tomlins has been appointed co-manager of the £1.3 billion* M&G High Yield Corporate Bond Fund with immediate effect, alongside Stefan Isaacs.

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2 December 2013

Claudia Calich appointed Manager of the M&G Emerging Markets Bond Fund

M&G Investments (M&G) today announces that Claudia Calich has been appointed manager of the M&G Emerging Markets Bond Fund with immediate effect, formerly managed by Mike Riddell. Matthew Russell will remain on the Fund as deputy fund manager.

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2 December 2013

M&G Real Estate aquires German Hypermarket

M&G Real Estate today confirms the acquisition of a ‘Real’ Hypermarket, a retail investment located in an established mixed commercial area of Wuppertal, North Rhine-Westphalia, Germany for €17.2 million.

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18 November 2013

Graham French passes Global Basics Fund to deputy manager as he retires

M&G Investments announces that fund veteran Graham French is retiring from day-to-day fund management.

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11 November 2013

M&G Investments to extend sponsorship of RHS Chelsea until 2017

M&G Investments, a leading international investment management company, has agreed with the Royal Horticultural Society (RHS) to renew its exclusive sponsorship of the RHS Chelsea Flower Show for a further three years.

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11 November 2013

Award-winning garden designer Cleve West brings a contemporary paradise garden for M&G Iinvestments to the 2014 RHS Chelsea Flower Show

M&G Investments, the title sponsor of the RHS Chelsea Flower Show and a leading international investment management company, has commissioned award-winning landscape designer Cleve West to create a contemporary paradise garden.

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24 October 2013

M&G Investments appoints David Parsons as investment specialist

M&G Investments, the leading investment manager, has appointed David Parsons as investment specialist within its institutional public debt business.

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23 October 2013

M&G Investments acquires British car auctions sites in £240 million deal

M&G Investments, the leading investment manager, has acquired 18 car auction sites across the UK, on a freehold basis* for £240 million from funds advised by Montagu Private Equity LLP.

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18 October 2013

M&G Real Estate acquires £48 million distribution warehouse

M&G Real Estate today confirms the acquisition of a distribution warehouse in Belvedere, Kent for £48.4 million reflecting a yield of 5.85%. The property was purchased on behalf of the M&G Property Portfolio.

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18 October 2013

M&G Investments to provide £113m of development finance for Scottish Power's headquarters in Glasgow

M&G Investments, the leading investment manager, has struck a deal with Scottish Power to fund the construction of the firm’s new headquarters in Glasgow, Scotland.

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14 October 2013

M&G Real Estate and SWIP agree £53 million asset swap

M&G Real Estate and Scottish Widows Investment Partnership (SWIP) today confirm the completion of a £53 million off market asset swap between the M&G Property Portfolio and St Andrews Life Assurance plc.

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8 October 2013

M&G Real Estate makes £315 million investment in Bankside

M&G Real Estate today announces the acquisition of Bankside 2 & 3, SEI and the retail holdings of Bankside 1, for £315 million from Land Securities Group Plc., representing an initial yield of 5.2%.

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7 October 2013

M&G Investments acquires student accommodation in Bournemouth

M&G Investments, the leading investment manager, has acquired three prime student accommodation blocks in Bournemouth on a freehold basis for £38.05 million from Spectrum Housing Group.

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4 October 2013

M&G Real Estate to develop central Reading office scheme

M&G Real Estate today confirms that the development of No.1 Forbury Place, a 185,000 sq ft office headquarters in Reading town centre, is to begin imminently.

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3 October 2013

M&G hires experienced emerging markets debt fund manager from Invesco

M&G Investments, one of the UK’s leading investment managers, has appointed Claudia Calich to its award winning Retail Fixed Interest team.

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30 September 2013

M&G YouGov Inflation Expectations Survey reveals concerns over persistently high inflation

Consumers in the UK, Austria and Germany have reported an increase in one-year inflation expectations compared with the results of the last quarterly M&G YouGov Inflation Expectations Survey. Overall, consumer inflation expectations remain above central bank targets in most countries.

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30 September 2013

M&G Real Estate snaps up distribution units in Barking and Milton Keynes

M&G Real Estate today announces the acquisition of two distribution units totalling over £17m. The purchases were made on behalf of M&G Real Estate’s UK property strategy for domestic and international institutional investors, managed by Dermot Kiernan.

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30 September 2013

M&G Investments provides £153m to Welsh housing associations

M&G Investments is to provide loans worth £153m to 17 Welsh housing associations. This is part of a new housing finance scheme, supported by the Welsh Government that enables housing associations to build around 1,000 new social and affordable homes across Wales.

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25 September 2013

Put away the tapering crystal balls, urge institutional bond fund managers at M&G investments

Many investment opportunities in the corporate bond market went unnoticed in the market noise leading up to and following the Federal Reserve’s decision to not taper say institutional bond fund managers at M&G Investments.

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11 September 2013

Telstra deal improves quality of M&G Asia Property Portfolio

M&G Real Estate has improved the long-term income stream and further reduced risk in its core Asia real estate strategy by agreeing a new lease on a property it co-owns in Sydney, Australia. The deal provides annual income growth of 4% from 2014.

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5 September 2013

M&G Real Estate agree £198 million retail property asset swap with BP Pension Fund

M&G Real Estate today confirms it has completed on a £198 million off-market retail asset swap with BP Pension Fund on behalf of the M&G Property Portfolio.

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2 September 2013

M&G Investments launches Global Corporate Bond Fund for retail market

M&G Investments is launching a global corporate bond fund to meet rising demand from retail clients for diversification outside of UK and European investment grade corporate bond markets.

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20 August 2013

M&G Property Portfolio acquires central Leeds office for £29 Million

The M&G Property Portfolio today announces the acquisition of Toronto Square, a grade A office development in Leeds for £29 million from Highcross. The 88,200 sq ft property in central Leeds was developed in 2010 and is multi-let to fourteen tenants. The high-quality scheme benefits from BREEAM rating of Excellent.

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15 August 2013

M&G Investments adds two to direct lending team

M&G Investments, one of the UK’s leading institutional investors, has added two direct lending specialists to its corporate lending team, as it continues to provide non-bank finance to UK mid-sized firms from the M&G UK Companies Financing Fund 2.

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15 July 2013

M&G Real Estate acquires The Gracechurch Centre, Sutton Coldfield, for £88.0 Million

M&G Real Estate today confirms the acquisition of The Gracechurch Centre, Sutton Coldfield, from The Mall Fund for £88.0 million, representing an initial yield of 7.75%.

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13 July 2013

Further statement on Gulf Keystone Petroleum on behalf of M&G Recovery Fund

Despite attempting to find common ground in our discussion with GKP yesterday, it is clear from its statement of 13 July 2013 that there are still substantive points of difference.

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Jeremy Asher CV
John Bell CV
Philip Dimmock CV
Thomas Shull CV 

7 July 2013

Statement on Gulf Keystone Petroleum on behalf of M&G Recovery Fund

The M&G Recovery Fund owns 5.1% of the shares of Gulf Keystone Petroleum Limited (“GKP”) and wishes to highlight to other shareholders its continuing concerns regarding the standards of corporate governance at the company. The separation of the roles of Chairman and Chief Executive is a step in the right direction but there remains much room for improvement.

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1 July 2013

Fund Manager changes at M&G Investments

M&G Investments today announces two changes to fund manager roles in its UK mutual fund business with immediate effect.

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28 June 2013

M&G Investments finances private and social residential development

M&G Investments, the leading investment manager, has struck a deal with developer be:here, a subsidiary of Willmott Dixon, and housing association Poplar HARCA, to fund the development of 233 residential units at Aberfeldy New Village, East London. The development will provide a mixture of social, affordable and private rental units.

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27 June 2013

Launch of M&G YouGov Inflation Expectations Survey

Consumers lack confidence in central banks’ ability to keep inflation under the inflation target in the short and medium term, according to the new, quarterly M&G YouGov Inflation Expectations Survey. The survey polls the views of consumers from the UK, Austria, France, Germany, Hong Kong, Italy, Singapore, Spain and Switzerland and is the first survey of its kind reviewing a broad range of people’s inflation expectations in Europe and Asia.

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21 February 2013

Prupim acquires Qantas Airways' UK headquarters in Hammersmith

PRUPIM, the real estate investment management arm of M&G Investments, today announces the acquisition of 401 King Street in Hammersmith, West London from Henderson Global Investors for £9 million, reflecting a net yield of 7.32%. The property was purchased on behalf of the M&G Pooled Pensions UK Property Fund, managed by Dermot Kiernan of PRUPIM.

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5 February 2013

Prupim acquires Waverleygate in Edinburgh

PRUPIM, the real estate investment management arm of M&G Investments, today announces the acquisition of Waverleygate in Edinburgh from Highcross for £46 million, reflecting a net yield of 7.3%. The property was acquired on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton of PRUPIM.

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28 January 2013

M&G sells West End property following redevelopment

The M&G Property Portfolio today announces the sale of the recently redeveloped 1-5 Poland Street, London W1. The building was purchased through a competitive bidding process realising £30.4m and reflecting a net initial yield of 4.84%. The Fund is managed by Fiona Rowley and Justin Upton of PRUPIM, the real estate investment management arm of M&G Investments.

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9 January 2013

M&G Investments acquires landmark residential development on edge of Olympic Park for £125 million

M&G Investments, the leading investment manager, has struck an agreement to acquire a portfolio of 401 market rented units at Stratford Halo, a 43-floor residential development at the main entrance to the Olympic Park in East London.

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18 December 2012

M&G European Property Fund looks to Sweden for its latest acquisition

The M&G European Property Fund confirms the SEK 224 million (€25.6 million) acquisition of a logistics facility from NCC Property Development at the Port of Gothenburg in Sweden. The Fund is managed by David Jackson and Rob Tidy of PRUPIM, the real estate fund management arm of M&G.

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18 December 2012

Asset-backed securities beat corporate and government bonds in 2012

Over 2012 to date, the performance of a basket of European asset-backed securities (ABS) has beaten that of European investment grade or European government bonds.

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17 December 2012

M&G Property Portfolio continues acquisitive streak with purchase of Chiswick Green

The M&G Property Portfolio has acquired a commercial property development in Chiswick Green, West London from BAM Properties for £47.7 million at a yield of approximately 6.30%.

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12 December 2012

M&G European Property Fund confirms leasing deal in Holland

The M&G European Property Fund confirms it has leased a total of 22, 064 m² to Apollo Vredestein bv, a subsidiary of Apollo Tyres, at a logistics complex in Enschede, Holland.

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11 December 2012

M&G Property Portfolio confirms significant acquisition

The M&G Property Portfolio has purchased the freehold of Heritage House, a modern distribution warehouse unit located on Southbury Road, Greater London for £22.1m, which reflects a net initial yield of 6.95%. The Fund is managed by Fiona Rowley and Justin Upton of PRUPIM, the real estate fund management arm of M&G Investments.

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10 December 2012

M&G Property Portfolio commits £22.05m to Telford Leisure Complex

The M&G Property Portfolio is to fund a leisure development at Southwater Square, Telford with a total commitment of £22.05m. This equates to a net initial yield of 6.5% on the hotel and cinema elements of the scheme and 7% on the restaurants.

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5 December 2012

M&G Investments comments on winning the UK government’s business finance partnership mandate

M&G Investments is pleased to have been chosen by HM Treasury to manage £200m of the first tranche of the Business Finance Partnership, an important Government initiative to stimulate lending to UK companies.

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October 2012

M&G appoints new Institutional Sales Director

M&G Investments, one of the UK’s leading institutional investors, has strengthened the distribution team of its Fixed Income business with the appointment of Annabel Gillard as UK sales director.

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September 2012

M&G Launches New Multi Asset Fund

M&G confirms the launch today of its new M&G Episode Defensive Fund, completing the recently re-branded M&G Episode Multi Asset fund range.

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August 2012

M&G property portfolio lets new West End office development

The M&G Property Portfolio, managed by Fiona Rowley of PRUPIM, has agreed to let the redevelopment of 1-5 Poland Street, London W1, in its entirety. Williams Lea, which is relocating from its current premises, will occupy the building along with one of its subsidiaries, Tag Worldwide Group.

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May 2012

M&G European Property Fund grows core exposure

The M&G European Property Fund has continued to deploy its assets in Europe with more than €100m-worth of property acquisitions in response to investor demand for exposure to core, well-let property assets in the region. The Fund, which is co-managed by David Jackson and Rob Tidy of PRUPIM, has procured two shopping centres in Brussels and Thionville in northern France along with a hypermarket in Neuwied, Germany. 

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