M&G Real Estate
 | This article needs additional citations for verification. (December 2013) |
| Formerly | Prudential Property Investment Managers |
|---|---|
| Company type | Subsidiary |
| Industry | Property development |
| Founded | 1848 |
| Headquarters | , |
Area served | United Kingdom, Europe and Asia |
| Products | Asset management and property management |
Number of employees | 200 (2023) |
| Parent | M&G Investments |
| Website | www |
M&G Real Estate, formerly Prudential Property Investment Managers, is a global real estate investment manager, providing integrated services for fund management, asset management and property management. M&G Real Estate is part of M&G Investments which used to be part of Prudential until 2019. M&G Real Estate is a real estate investment manager in the United Kingdom, Europe and Asia. M&G Real Estate is headquartered in London.[1]
M&G Real Estate began its real estate investment activities in 1848, and is today one of the largest real estate investment groups in the United Kingdom.[2][3] There are over 200 employees; Alex Jeffrey was appointed chief executive in July 2012 and he was replaced by Tony Brown in 2018.[4][5]
History
[edit]- 1848: Prudential Mutual Assurance Investment and Loan Association established.[6]
- 1879: Prudential moved into Holborn Bars, a purpose built office complex designed by Alfred Waterhouse, now a popular architectural landmark.[7]
- 1920s / 1930s: Since equities collapsed in the Great Depression, many corporations diversified their holdings by investing heavily in property. During these years, Prudential made major real estate investments.
- 1982: The Prudential Estates department of Prudential Assurance Company, a forerunner of M&G Real Estate, became PPM Property[1]
- 2001: Prudential Portfolio Managers (PPM) was integrated with Prudential's newly acquired fund management arm M&G[1]
- 2006: Prudential Property Investment Managers was formally rebranded as PRUPIM.
- 2013: M&G Investments changes the name of PRUPIM to M&G Real Estate[8]
Portfolio
[edit]M&G Real Estate owns or co-owns properties including Manchester Arndale, Finsbury Circus, Westfield Fashion Square, Westfield Garden State Plaza, Bluewater, Cribbs Causeway and Fremlin Walk, Maidstone.[9]
Sustainability
[edit]M&G Real Estate has been active in the sustainability movement. It achieved full ISO 14001 accreditation for its entire property portfolio.
References
[edit]- ^ a b c "Prudential PLC - M&G". Archived from the original on 2008-05-16. Retrieved 2008-07-28.
- ^ "Global Real Estate Investment Manager Report" (PDF). 2008. Archived from the original (PDF) on 2011-07-15. Retrieved 2008-07-28.
- ^ "M&G Real Estate Sells Seoul Office Building to Korea's Capstone AMC for $151M". Mingtiandi. April 19, 2024.
- ^ "About us - Board of Directors". M&G Real Estate. Retrieved September 9, 2024.
- ^ "M&G Real Estate appoints Lai Jing Dong as CIO and interim CEO, Asia". Yahoo Finance. February 17, 2021.
- ^ "Prudential PLC - Prudential PLC". Archived from the original on 2008-08-28. Retrieved 2008-07-28.
- ^ "Prudential PLC - Timeline". Archived from the original on 2010-02-25. Retrieved 2008-07-28.
- ^ "PRUPIM to be renamed M&G Real Estate". Prudential. Retrieved 2021-12-18.
- ^ Price, Chris (25 November 2014). "Fremlin Walk, Maidstone, bought by M&G Real Estate from Legal & General Property for £110m because of its 'good prospects for rental growth'". kentonline.co.uk. Retrieved 20 January 2017.