PGIM Real Estate related stories
All articles and analysis
Prudential, Sunrise to invest $1bn in senior living communitiesThe real estate and investment advisory business of Prudential Financial has won a beauty contest to help develop senior living communities in the UK.
- Prudential JV targets $1bn urban retail and mixed-use properties
The real estate investment arm of Prudential Financial and JV partner Madison Capital are looking to acquire properties ranging from $5 million to $100 million.
- Robert Houston becomes adviser at UBS
The former global chairman and chief executive of ING Real Estate Investment Management has been appointed chairman of the investment committee for three UK property funds at UBS.
- Quilvest brews RE debut through $250m FoF
Quilvest, the Argentinean family office which made its money from the famous Quilmes beer brand, is taking its first steps into private equity real estate through the launch of a $250m fund of funds.
- Pramerica beefs up UK team
The UK private equity real estate arm of US financial services group Prudential has taken on a team from UBS in Europe.
- Need to delever will be ‘undoing’ of many property owners
A combination of deteriorating fundamentals, lower property values and constrained capital markets will prove a “tall order” for many US investors, according to PREI. However, the firm says the speed of the current downturn could mark the start of ‘cautious optimism’ about US real estate.
- 2008 GLOBAL PERE AWARDS - European awards
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the European awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
- Prudential to sell $1bn of assets during 2009
Prudential Real Estate Investors chief Allen Smith said the firm would look to sell in ‘excess of $1bn’ of US properties this year to boost liquidity in its funds. The CEO added that there were ‘encouraging signs’ in the transactions market with some properties attracting high prices and some a high volume of bids.
- UBS makes Hawkins chairman
Cliff Hawkins is becoming UK chairman of UBS Global Asset Management’s real estate business following recent departures. Anthony Shayle has joined as managing director and head of the UK business having recently joined from AXA Real Estate Investment Managers.
- PREI finalises high yield debt platform
The real estate arm of insurance firm Prudential has hired Jack Taylor, Steven Plust and Stephen Alpart as it builds its debt investment operations. Taylor will be head of PREI's global high yield debt business.