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M&G awarded $500 million UK investment mandate

People & Companies / Latest News


Feb 26 2017

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Property Magazine

M&G Real Estate has been awarded a $500 million mandate to invest in UK real estate by a major European investor. The mandate will seek direct real estate investment opportunities across all main property types in primary markets in the UK. 

Chief Executive Alex Jeffrey comments: “This new mandate reinforces our position as one of the most active participants in the UK real estate investment market. In the wake of the EU Referendum, this commitment by a major European investor signals confidence in the UK real estate market and confirms the status of UK commercial property as a compelling asset class on a long-term basis. This mandate reflects our strategic objective to grow our bespoke separate account business selectively in the UK, Europe and Asia. 

:It is a pleasure to be working with a global investor of this calibre to deliver a customised investment programme which fits their requirements,” says Martin Towns, Head of Capital Solutions, M&G Real Estate. “The UK’s decision to leave the European Union has created a period of political uncertainty, yet the UK’s economy is resilient and clear opportunities exist to take advantage of continued macro trends such as the growth of e-commerce and greater urbanisation. This, allied to a limited supply of good quality, modern real estate in key markets, offers a positive outlook for investors seeking attractive, long term income-led returns.”

SOURCE: Property Magazine


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