M&G Real Estate Appoints Alexander Banzic as Head of Real Estate, Australia

Singapore / Hong Kong / Australia, 5 April 2024 – M&G Real Estate (M&G), part of M&G’s £73.4 billion¹ private markets business, has promoted Alexander Banzic (Alex) to Head of Australia, as the firm seeks to further grow its presence in the Australian real estate market.

With some 20 years of industry experience and based in Sydney, Alex brings a wealth of expertise to his new role. He will be instrumental in seeking opportunities within Australia’s real estate market. This market presents a compelling investment proposition due to its strong population growth and an increase in the number of international students. These factors have led to a surge in demand for housing and a ripple effect across other related sectors in the real estate market.

Previously serving as Director, Asset Management for M&G Real Estate in Australia, he has played a pivotal role in enhancing the performance of our investments in Australia. Alex’s experience includes senior roles at DWS Group’s real estate team in Australia, KordaMentha and EG Funds, including a secondment to Westpac Bank. Alex reports to Jing Dong (JD) Lai, CEO and CIO, M&G Real Estate Asia.

M&G has invested over A$450 million in three Build-to-Rent projects in Sydney and Melbourne that are currently underway. These projects, alongside the collaboration with Mirvac on Brisbane’s pioneering Heritage Lanes project – an award winning, state-of-the-art office tower and precinct that has integrated cutting-edge technology and sustainability – demonstrate the firm’s commitment to the Australian market. This commitment is underscored by a strategic focus on properties that are not just economically viable, but also environmentally responsible and socially beneficial.

Jing Dong (JD) Lai commented: “We are delighted to promote Alex to lead our real estate team in Australia, demonstrating the strength and depth of our internal talent. His extensive industry experience, combined with his proven leadership, will be invaluable as we further our growth in this key market. M&G’s robust performance in Australia has solidified our status as a top institutional investor and we look forward to continuing to play a role that benefits the local economy and society.’’

Alex added, “I am honoured to lead M&G Real Estate’s team in Australia. Leveraging our robust platform and dedication to excellence, we aim to significantly enhance our market position, striving towards becoming the premier institutional real estate investor in Australia.”

Alex holds a Bachelor of Commerce in Accounting from The University of Notre Dame in Australia.

₁As at 31 December 2023

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Media enquiries

Dinah Seah

M&G Investments (Asia)

+65 6436 5305

dinah.seah@mandg.com

Sabrina Cheng

M&G Investments (Asia)

+852 3725 3100

sabrina.cheng@mandg.com

Justin Teh

+65 6506 7685

justin.teh@fticonsulting.com

Notes to editors

OpenAbout M&G Investments and M&G Real Estate

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 £343.5 billion of assets under management (as at 31 December 2023). M&G plc has around 4.6 million 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 recognises the importance of responsible investing and is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Programme.

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.

M&G Real Estate is a leading financial solutions provider for global real estate investors. As part of M&G Investments’ private markets business, M&G Real Estate has a sector leading approach to responsible property management and is committed to continuously improving the sustainability performance of its funds. Globally M&G Real Estate manages more than £33.2 billion (as at 31 December 2023) of assets on behalf of clients, providing a range of strategies and solutions.

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 (unless stated otherwise), registered in England and Wales under number 936683, registered office 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.

In Hong Kong: Issued by M&G Investments (Hong Kong) Limited. Office: Unit 1002, LHT Tower, 31 Queen’s Road Central, Hong Kong. In Singapore: Issued by M&G Real Estate Asia Pte. Ltd. (Co. Reg. No. 200610218G), regulated by the Monetary Authority of Singapore.

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