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23 February 2017
M&G Real Estate, a leading global real estate investor, has been awarded a $500 million mandate to invest in UK real estate by a major European investor.
The mandate will seek direct real estate investment opportunities across all main property types in primary markets in the UK.
Chief Executive Alex Jeffrey comments: “This new mandate reinforces our position as one of the most active participants in the UK real estate investment market and is testament to our market-leading reputation for origination, reliable execution and ability to participate in the full spectrum of real estate.
“In the wake of the EU Referendum, this commitment by a major European investor signals confidence in the UK real estate market and confirms the status of UK commercial property as a compelling asset class on a long-term basis.
“This mandate reflects our strategic objective to grow our bespoke separate account business selectively in the UK, Europe and Asia.”
“It is a pleasure to be working with a global investor of this calibre to deliver a customised investment programme which fits their requirements,” says Martin Towns, Head of Capital Solutions, M&G Real Estate.
“M&G Real Estate has a long term, established track record in managing bespoke separate account mandates in the UK and elsewhere around the world. We see strong and growing appetite from sophisticated investors globally for such customised strategies.
“The UK’s decision to leave the European Union has created a period of political uncertainty, yet the UK’s economy is resilient and clear opportunities exist to take advantage of continued macro trends such as the growth of e-commerce and greater urbanisation. This, allied to a limited supply of good quality, modern real estate in key markets offers a positive outlook for investors seeking attractive, long term income-led returns.”
In the wake of the EU Referendum, this commitment by a major European investor signals confidence in the UK real estate market and confirms the status of UK commercial property as a compelling asset class on a long-term basis.
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Notes to Editors
About M&G Real Estate
M&G Real Estate is the real estate fund management arm of M&G and is one of the top 25 real estate fund managers in the world by assets under management, with over £26 billion invested in a broad spread of properties across Europe, North America and the Asia Pacific region (as of Dec 2016). M&G Real Estate has a sector leading approach to responsible property management, and is committed to assessing and improving the sustainability performance of funds under management.
M&G is the investment arm of Prudential Plc in the UK, Europe and Asia. For more information, please visit www.mandg.com/realestate
M&G is an international active asset manager, investing on behalf of individuals and institutions for over 80 years. At 30 June 2016 the firm manages over £255 billion of assets through a wide range of investment strategies across equities, bonds, property and multi asset.
This press release reflects the authors’ present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Past performance is not a guide to future performance.
The services and products provided by M&G Investment Management Limited are available only to investors who come within the category of the Professional Client as defined in the Financial Conduct Authority’s Handbook. They are not available to individual investors, who should not rely on this communication. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.
M&G Real Estate is a business name of M&G Investment Management Limited and is used by other companies within the Prudential Group. M&G Investment Management Limited is registered in England and Wales under number 936683 with its registered office at Laurence Pountney Hill, London EC4R OHH. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority. M&G Real Estate Limited is registered in England and Wales under number 3852763 with its registered office at Laurence Pountney Hill, London EC4R 0HH.