PGIM Real Estate related stories
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PGIM’s Adler: Global markets becoming 'decorrelated'Despite the uptick in cross-border capital flows in global real estate, the world’s property markets are becoming less, not more, linked to each other, the executive said.
- PGIM closes Asia Fund III on €580m
The firm has recently completed four transactions in Sydney, Kuala Lumpur, Shanghai and Tokyo using capital from the value-added vehicle.
- PREI rebrands to PGIM Real Estate
After more than 10 years of operating as Prudential Real Estate Investors and Pramerica Real Estate Investors, the firm is to adopt a single brand.
- Steinbridge Group hires new CEO to institutionalize firm
The private real estate firm hired Tawan Davis, a former Goldman Sachs and PREI executive, to lead the business as it seeks to expand.
- AXA buys stake in LA office property
The Paris-based insurer joins Prudential and an office developer in a three-building west Los Angeles office joint venture.
- CBRE GI’s Wehry moves to Pramerica
Eduard Wehry has joined Pramerica Real Estate Investors as managing director and head of business development for Asia Pacific.
- KKR bolsters European asset management team
Marcus Ralling has joined the New York investment management giant’s London office as head of asset management of the firm’s European portfolio.
- EXCLUSIVE: Pramerica holds €480m first close on Asia fund
The real estate investment management division of Prudential Financial exceeded its initial close target and anticipates holding a final close in early 2016.
- Bridges’ Fund III closes on £212m
The London-based social impact investor has already deployed 40 percent of the fund’s capital over six deals since last year’s first close.
- EXCLUSIVE: Blackstone raises $1bn for Asia core
The New York-based private equity real estate giant’s almost weekly assault on the news headlines continues as it emerges that it has formed a dedicated pool of capital for stabilized, incoming-generating assets in Asia.