M&G Real Estate
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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, part of M&G Investments, is the real estate investment arm of Prudential in the United Kingdom and Europe. 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] There are over 200 employees; Alex Jeffrey was appointed chief executive in July 2012.[3]
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.[4]
Timeline[edit]
- 1848: Prudential Mutual Assurance Investment and Loan Association established.[5]
- 1879: Prudential moved into Holborn Bars, a purpose built office complex designed by Alfred Waterhouse, now a popular architectural landmark.[6]
- 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[7]
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.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2011-07-15. Retrieved 2008-07-28.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Real Estate".
- ^ 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.
- ^ "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.