M&G Investments refuels Rocket’s 10 East Road with £70 million whole loan

 28 March 2017

 London

M&G Investments (“M&G”), an international investment manager, has completed a deal to provide £70 million whole loan financing over 5 years for Rocket Investments’ (“Rocket”) 10 East Road, Central London.

Rocket, the private property advisory and investment management company, completed the development of the former print work office building in November 2011, which is now let to Premier Inn for 20 years.

Dan Riches, Director, Real Estate Finance, M&G Investments, says: “The property is in a desirable part of central London and has a secure income stream from the long-lease in place with Premier Inn.

“Institutional investors are interested in commercial mortgages as an attractive alternative to bonds as it offers a good relative value for secured risk. The entire whole loan will be invested and held by funds managed by M&G”.

Tom Appleton, Rocket Investments, says: “We are very pleased to be working with M&G who provided a smooth transaction and share our vision for this part of London. With further developments planned by ourselves and others we believe this area of London will continue to thrive”

M&G’s Real Estate Finance team has invested almost £6.5 billion in commercial mortgages in the UK and Europe and is one of the largest new lenders to emerge since the 2008 financial crisis.

  • The property is in a desirable part of central London and has a secure income stream from the long-lease in place with Premier Inn.

    Dan Riches,  Director, Real Estate Finance

If you require any further information, please contact

Irene Chambers
Corporate Communications
M&G Press Office
  +44 (0)20 7004 4132
  irene.chambers@mandg.co.uk



Notes to Editors

About M&G
M&G is an international active asset manager, investing on behalf of individuals and institutions for over 80 years. At 31 December 2016 the firm manages over £265 billion of assets through a wide range of investment strategies across equities, fixed income, real estate and multi asset.
Headquartered in London, M&G employs over 1,900 people worldwide operating from offices across Europe and Asia. M&G is the investment arm of Prudential Plc in the UK and Europe.
Rocket Investments
Rocket Investments is a London based company that acts as an advisor to a portfolio of clients.
M&G Investments 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 0HH. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority.
This press release reflects the authors’ present opinions reflecting current market conditions which 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. 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 does not offer investment advice or make recommendations regarding investments. Opinions are subject to change without notice. M&G Investments 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 0HH. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority.