M&G Real Estate Explained

M&G Real Estate
Former Name:	Prudential Property Investment Managers
Type:	Subsidiary
Industry:	Property development
Hq Location City:	London
Hq Location Country:	United Kingdom
Area Served:	United Kingdom, Europe and Asia
Products:	Asset management and property management
Num Employees:	200
Num Employees Year:	2023
Parent:	M&G Investments

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

• 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
• 2001: Prudential Portfolio Managers (PPM) was integrated with Prudential's newly acquired fund management arm M&G<ref name=man />
• 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

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

M&G Real Estate has been active in the sustainability movement. It achieved full ISO 14001 accreditation for its entire property portfolio.

External links

• M&G Real Estate Home Page
• Prudential plc on Yahoo! Finance

Notes and References

1. Web site: Prudential PLC - M&G . 2008-07-28 . 2008-05-16 . https://web.archive.org/web/20080516025127/http://www.prudential.co.uk/prudential-plc/aboutpru/ourhistory/businesshistories/mandg/ . dead .
2. Web site: Global Real Estate Investment Manager Report . 2008. 2008-07-28 . dead . https://web.archive.org/web/20110715123000/http://www.propertyfundsresearch.com/pdfs/PFR%20MANAGER%20REPORT%202008.pdf . 2011-07-15 .
3. Web site: M&G Real Estate Sells Seoul Office Building to Korea’s Capstone AMC for $151M . April 19, 2024 . Mingtiandi.
4. Web site: About us - Board of Directors . September 9, 2024 . M&G Real Estate .
5. News: M&G Real Estate appoints Lai Jing Dong as CIO and interim CEO, Asia . February 17, 2021 . Yahoo Finance .
6. Web site: Prudential PLC - Prudential PLC . 2008-07-28 . 2008-08-28 . https://web.archive.org/web/20080828081110/http://www.prudential.co.uk/prudential-plc/aboutpru/ourhistory/businesshistories/prudentialplc/ . dead .
7. Web site: Prudential PLC - Timeline . 2008-07-28 . 2010-02-25 . https://web.archive.org/web/20100225062543/http://www.prudential.co.uk/prudential-plc/aboutpru/ourhistory/timeline . dead .
8. Web site: PRUPIM to be renamed M&G Real Estate. 2021-12-18. Prudential. en.
9. News: Chris . Price . 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 . 20 January 2017.