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30 November 2025

M&G to invest £1 billion into UK housing to build over 3,000 homes with a leading Asian pension fund

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2025

London, 30 November 2025 – M&G Investments (M&G) today announces it will invest £1 billion into UK multi-family housing to build over 3,000 rental homes in London and regional cities where there are housing shortages. M&G Real Estate will fund housing developments over the next three years on behalf of one of Asia’s leading pension funds and M&G’s £130 billion With Profits Fund, to boost British housebuilding efforts and support the UK Government’s ambition to deliver 1,500,000 new homes over the course of this parliament.

With £100 billion¹ already invested in the UK economy, M&G is mobilising international capital to deploy into housing, primarily in London – as well as Manchester, Bristol, Birmingham and Leeds. UK residential property provides an attractive entry point for long-term investment as housing delivery rates in London are at all-time lows, whilst demand for rental homes continues to outpace supply. In London, each year 50,000 more homes are needed than are currently being built, and only two per cent of privately rented homes are purpose built – meaning these developments can improve the experiences of tenants through high quality amenities and by creating shared spaces.

M&G and the Asian pension fund have both injected £300 million of equity into the vehicle, which will use leverage to accelerate value creation, and enable the development of more homes, expected to create a £1 billion+ portfolio once complete. With £6.7 billion² invested and more than two decades of experience investing in residential properties in the UK, Europe and Asia, M&G’s client base has become increasingly international as global institutional investors are attracted to its origination track record in private assets.

This venture is testament to M&G’s business model, where capital from its Life business can be aligned with external institutional investors seeking to create scalable partnerships. In May, M&G agreed a long-term strategic partnership with Dai-ichi Life HD, Japan’s largest listed insurer, to accelerate its expansion in European private markets, while opening new potential sources of business flows in Japan and across Asia, with initial flows expected in the coming months.

Martin Towns, Global Head of M&G Real Estate, said: “This is a powerful demonstration of our business model in action – mobilising international capital to invest into UK housing in a sector where there is a shortage of high quality homes. Through our investment into the real economy we can build more homes where they are most needed, whilst delivering resilient, long-term returns for pension savers in both the UK and internationally.”

M&G Real Estate is part of the firm’s £78.5 billion private markets business which also invests in infrastructure, private credit, private equity and impact strategies. The £130 billion With-Profits Fund invests on behalf of 4.5 million policyholders in the UK, which includes 500,000 clients who are invested in the £67.7 billion PruFund.


Download a PDF of the release

Download a PDF of the release

Media enquiries

Rebecca Talbot

+44 (0) 7827 820428
Rebecca.talbot@mandg.com

George Greenstreet

Media Relations

+44 (0)7900 511020
george.greenstreet@mandg.com

Notes to editors

This venture follows a long-term strategic partnership in May this year with Dai-ichi Life HD, Japan’s largest listed insurer, to accelerate its expansion in European private markets, while opening new potential sources of business flows in Japan and across Asia, with initial flows expected in the coming months.

Sources:

1 https://www.mandg.com/views-and-insights/growth-and-investment-centre/actively-investing-in-uk-growth

2 M&G as of 30 September 2025

About M&G

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has £365 billion of assets under management (as at 30 September 2025). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.

For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.

M&G plc recognises the importance of responsible investing, is a signatory (both as an asset manager and owner) to the UN-supported Principles for Responsible Investment (PRI), and is targeting net zero emissions by 2050, across our investment portfolios and operations.

M&G plc has committed to achieve net zero carbon emissions on its total book of assets under management and administration by 2050 and committed to reduce operational carbon emissions as a corporate entity to net zero by 2030. For more information, please visit: www.mandg.com


This information is intended for journalists and media professionals only. It should not be relied upon by private investors or advisers.

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 herein are available only to investment professionals and 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.

Issued by M&G Investment Management Limited, registered in England and Wales under numbers 936683 with its registered office at 10 Fenchurch Avenue, London EC3M 5AG. 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 and is not authorised or regulated by the Financial Conduct Authority. M&G Real Estate Limited forms part of the M&G Group of companies.

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This section of the website is for the sole use of investment professionals. It should not be relied on by private investors and the information should not be construed as a financial promotion under the Financial Conduct Authority’s (FCA) Conduct of Business rules.

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The information in this section of the site is intended for journalists and media professionals only.

This section of the website is for the sole use of journalists and media professionals. It should not be relied on by private investors or advisers and the information should not be construed as a financial promotion under the Financial Conduct Authority’s (FCA) Conduct of Business rules.
M&G Investments

You are about to enter the website of M&G Investments, a direct subsidiary of M&G plc.
Click here to proceed.

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.
M&G Investments

You are about to enter the website of M&G Investments, a direct subsidiary of M&G plc.
Click here to proceed.

M&G plcの直接子会社であるM&G Investments（M&Gインベストメント）のウェブサイトにアクセスするには、
こちらをクリックしてください。

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA（健全性監督機構）及びFCA（金融行為規制機構） に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited（プルデンシャル・アシュアランス・カンパニー・リミテッド）の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）とは一切関係がありません。
Prudential Portfolio Managers (South Africa) (Pty) Limited

You are about to enter the website of MandG Investments Southern Africa (Pty) Ltd a direct subsidiary of M&G plc. Click here to proceed.

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.