M&G Real Estate is recognised as one of the world’s leading property investors. We invest across all sectors with a portfolio that spans 29 countries.
We’re part of M&G, an international savings and investment business with the ambition to deliver long term value for our investors, while working together to create a more positive future. M&G Real Estate is the specialist property manager for M&G.
Globally we manage more than £29.9 billion on behalf of clients, providing a range of funds and bespoke solutions including segregated mandates, joint ventures and co-investment opportunities.
Our approach
Decades of experience in buying, selling and managing properties has shaped our investment approach, which focuses on identifying fundamentally well located assets that are underpinned by favourable structural and demographic trends.
Access to new opportunities and the ability to offer a range of innovative solutions spanning the full risk spectrum, is supported by our scale, experience, depth of knowledge and strong industry relationships in the markets where we operate.
Investing with purpose
As a responsible investor, our goal is to deliver better outcomes for our investors and society. Promoting environmental excellence; health, wellbeing and occupier experience; and a positive contribution to society are the core pillars of focus. Against this backdrop, we aim to create dynamic and sustainable places that are inclusive of everyone.
By driving environmental improvements and increasing the operational efficiency of our buildings, we are committed to achieving net zero carbon emissions across our global real estate portfolio by 2050. Over 30% of our global asset portfolio (by value) has a green building certification, and we continue to drive asset certification to provide independent verification of our assets sustainability credentials.
Based on the 2019 Global Real Estate Sustainability Benchmark (GRESB) survey which assesses the sustainability performance of real estate portfolios and assets in public, private and direct sectors, around 31% of our global asset portfolio (by value) has a Green building certification. All ten of our participating funds in the survey were awarded a Green Star rating.
M&G responsible investing reports, policies & principles
*As at 31 December 2023.
Introduce real estate assets to us
United Kingdom
From London to Edinburgh, view our recent transactions in the United Kingdom totalling £21.52bn.
Continental Europe
Investments across all major markets in Europe. View our European transactions totalling over £5.0bn.
Asia-Pacific
Investments in South Korea, Japan and Australia. View our Asia-Pacific transactions totalling $4.8bn.
Board of Directors
Tony Brown
Member of MGRE Statutory Board and Executive Committee
Global Head of M&G Real Estate
Tony became Head of M&G Real Estate in April 2018 after four years as Chief Investment Officer. He has 28 years’ real estate investment experience across the UK, Continental Europe, North America and Asia. Before joining M&G Real Estate in 2014, he was managing director of Lend Lease Investment Management, EMEA, where he oversaw a business managing £4.5bn of real estate and infrastructure funds. Prior to this, Tony spent 14 years at Schroder Investment Management, latterly as fund director, where he managed the Schroder Exempt Property Unit Trust, with investment in circa £10bn of assets. Tony started his career with Cushman and Wakefield as a graduate surveyor where he qualified as a Chartered Surveyor (MRICS).
Martin Towns
Member of MGRE Statutory Board and Executive Committee
Head of UK Commercial and Global Capital Partnerships, M&G Real Estate
Martin is a member of the board of M&G Real Estate and a member of the Investment Committee. Martin leads a team of fund management and investment professionals, managing a variety of pooled and segregated real estate strategies for institutional and retail clients, in the UK and internationally. With more than 18 years experience in real estate fund management, Martin joined the business in 2010 and has held a number of investment and fund management roles. Prior to this, he was Fund Manager and Director of Commercial Property at Close Brothers, responsible for establishing and managing a series of property funds in the UK and Europe. He also held roles at Jones Lang LaSalle and LaSalle Investment Management, has a BLE (Hons) in Land Economy from the University of Aberdeen, holds the Investment Management Certificate (IMC) and is a member of the RICS and the Investment Property Forum.
Sanjeev Sharma
Member of Executive Committee
Chief Property Portfolio Officer
Sanjeev is Chief Property Portfolio Officer at M&G Real Estate Ltd and has held various roles including HR Director and COO. Sanjeev has global responsibilities for day-to-day operations of the £37bn AUM. Sanjeev was on the Real Estate Board between 2001-2022 and is on the Executive Committee, in addition to this he is a trustee Director of the Prudential Staff Charitable Trust. He previously served as a Non-Executive director of Urban & Civic Plc from 9th May 2019 until January 2021.
Since October 2021 Sanjeev has been a NED of Derwent London Plc. Sanjeev is on the Nominations, Audit, Risk Committees and chairs the Remuneration Committee. Since January 2021 Sanjeev has been an Independent member of the Estates Strategy Committee of King’s College University London. Sanjeev was on the Board of Real Estate Balance – an organisation of Senior Real Estate professionals seeking to address gender imbalance in senior positions in the Sector – until January 2023 & is now on its Patrons Group.
JD Lai
Member of Executive Committee
CIO and CEO, Asia, M&G Real Estate
Jing Dong Lai (JD) began his career at M&G in October 2016 as Director, Head of Acquisitions, APAC and Head of Japan prior to taking on his new role as CIO and interim CEO, Asia, in 2021. He has more than 18 years of experience in Asia real estate markets, having worked in a number of the region’s financial hubs including Tokyo, Hong Kong, and Singapore. Prior to this, he was Director & Head of Investments at Straits Real Estate, where he managed an Asia Pacific investment mandate across multiple asset classes including office, retail and residential. He has also held senior positions at Goldman Sachs’ real estate principal investment area (REPIA) in Japan and Singapore, and Carlyle Asia Real Estate Partners in Hong Kong. He started his career as an analyst in the International Principal Finance Group of Shinsei Bank, focusing on acquisition of non-performing loan portfolios. JD graduated magna cum laude from Tufts University with a B.A. in Economics and International Relations.
Marc Reijnen
Member of Executive Committee
Head of Investment and Asset Management, Continental Europe, Paris
Marc is a member of the board of M&G Real Estate and a member of the Investment Committee. Marc leads a team of investment and asset management professionals and leads the continental European team across six offices. With more than 30 years’ experience in real estate fund and investment management, Marc joined the business in 2016. Prior to this he was at CBRE Global Investors in Paris, where he held the position of Fund Management Director on two funds and was a member of the European retail board and French country board. Before joining CBRE he was Head of Asset Management for Grosvenor in Europe, and also worked at Richard Ellis International in London and Frankfurt. Marc is a member of the Royal Institution of Chartered Surveyors (RICS), the Urban Land Institute (ULI) and the International Council of Shopping Centres (ICSC).. Marc holds an MA degree in Property Valuation and Law from City University London and a Civil Law degree from Leiden University. He is fluent in English, Dutch, German and French.
Alex Greaves
Member of Executive Committee
Head of UK Residential
Alex is an M&G RE Exec board member and head of UK and continental European Residential. With active strategies with over £3.7bn of assets across UK Living, UK affordable Housing and EU Living. He is on the board of St Edwards homes, a JV between Prudential and Berkeley Homes, Greencore homes, a carbon negative housebuilder and is chair of the BPF residential committee.
Peter Riley
Member of Executive Committee
Head of Capital Solutions and UK Commercial
Peter is responsible for providing institutional investors bespoke separate account strategies, joint venture and club investment opportunities. He joined the business in 2010 and was previously a co-fund manager within the £8bn long lease division, investing across the UK and Europe in all sectors. Prior to this Peter held responsibilities for the management of direct and indirect real estate portfolios in the UK and Europe in addition to managing large joint ventures on behalf a £9.7bn separate account mandate. Before joining M&G Real Estate, he worked for DTZ Investment Management and went on to join their Corporate Finance team. Peter has 15 years’ experience in the real estate industry.
Peter graduated from the University of Liverpool with a first class BA (Hons) degree in Economic and Social History and also gained an MSc in International Real Estate from the University of Reading. He is a qualified Chartered Surveyor (MRICS) and also holds the Certificate in Corporate Finance (ACSI) from the Chartered Institute for Securities and Investment.
Kathryn McLeland
Member of MGRE Statutory Board
Chief Financial Officer
Kathryn joined M&G from Barclays PLC, where she served for over 20 years, most recently as Group Treasurer and before that as Head of Investor Relations. Prior to that she worked in investment banking at Barclays, Merrill Lynch and Salomon Brothers, focused on Financial Institutions. In addition to her responsibilities overseeing M&G plc’s financial operations and strategy, Kathryn champions the company’s focus on sustainability and diversity and inclusion.
Michaela Forelli
Member of MGRE Statutory Board
Managing Director, Europe
With over 20 years’ experience in financial markets, Micaela Forelli has been a key player in M&G Investments’ international expansion. Micaela joined M&G in 2001 and was appointed Distribution Director of M&G International Investments in 2018 and Managing Director, Europe in 2020. In her role, she leads M&G’s European business across Distribution, Investments and Corporate Operations from our Luxembourg hub and oversees a team of over 180 colleagues. As Head of European Distribution, she is responsible for all M&G’s Institutional and Wholesale markets across continental Europe, building on M&G’s AIFs and SICAV capabilities and growing institutional presence in Europe. Micaela is CSSF Authorised Manager and Senior Executive Director of the Luxembourg Management company and two Alternative Fund Boards. Micaela is also FINMA approved Chairman of M&G International Investments Switzerland AG.
Rajmeet Bhatti
Member of MGRE Statutory Board
Head of Business Management
Rajmeet joined M&G in 2005 and is currently Head of Business Management for M&G plc's asset management division. This position draws upon her years of experience working in various roles within the organisation, with experience in strategic planning, business management, financial budgeting and communications.
Her previous roles at M&G include serving as Head of International Corporate Development, which focused on international expansion opportunities across the investment management business, running the CFO Office during the demerger of M&G from parent company Prudential plc and achieving a FTSE 100 listing, as well as gaining experience in a number of business management and Finance roles.
Rajmeet is Treasurer and a Trustee of the UK national charity, Twins Trust, and she is a longstanding active volunteer member of the global professional organisation, 100 Women in Finance, where she has held the position of Chair of the London Gala Committee since 2018.
She graduated from the University of Warwick with a BSc Honours in Economics and Politics. Rajmeet holds the following accounting designations: Associated Chartered Management Accountant and Chartered Global Management Accountant. She has also completed the UKSIP Level 3 Certificate in Investment Management.