M&G Real Estate

Exciting news from Whitstable, Kent! 🎉 Attractive, well-located, sustainable, affordable homes are in high need in towns and cities across the UK, after decades of underdevelopment. Whitstable in Kent is no exception, due to the impact of tourism and second homes, local residents are in desperate need of high-quality, energy efficient, new housing. Through our strategic partnership with Hyde Group, we are enabling the development of 220 much needed new affordable homes that will offer residents a thoughtfully designed place to live with uninterrupted sea views. We are pleased to say, the Lord Mayor of Canterbury has officially broken ground, marking the start of construction works at the Seasalter development, which will also deliver a further 100 homes for social rent. Located on the edge of the popular coastal town, with good transport links to London, the development’s design reflects the best of sustainable living. This will be one of Hyde’s most sustainable schemes to date! Through solar panels, residents will receive renewable energy to their homes, using an innovative micro-grid system to power on-site battery storage, enabling residents to benefit from energy reduced bills. The homes that are fit for the future – targeting an EPC ‘A’ rating. 🌱🏡 As well as much needed affordable housing and abundant public open space, the development will create a home for wildlife through a dedicated nature reserve. We are thrilled to see this project come to life and look forward to welcoming new residents in the near future. A big thank you to our partners, The Hyde Group, and Folkstone based Jenner (Contractors) Ltd, and everyone involved in making this vision a reality! We look forward to doing more in Kent! #Marketingcommunication #AffordableHousing #CommunityDevelopment #SustainableLiving

“Investor intention surveys have shown that European and Asian investors see the market potential of value-add real estate strategies, especially at this point in the cycle.” BauMont Real Estate Capital Limited is a market-leading European investment manager specialising in value-add strategies in Western Europe, and its Managing Partner Frederic Laurent joined us to discuss the potential benefits value-add real estate strategies can bring to the property cycle. Full details of M&G Real Estate’s acquisition of BauMont can be found here: https://lnkd.in/edrYRese #marketingcommunication

“Straight away, this gives us firepower to actively take advantage of the real estate market.” Martin Towns, Deputy Head of M&G Real Estate, discusses why the acquisition of BauMont Real Estate Capital Limited will give M&G the ability to invest throughout the property cycle and across the capital stack. Martin also explains that M&G’s With Profits Fund, which invests and manages the long-term savings on behalf of 4.5 million UK policy holders, including 450,000 clients in the market leading PruFund, will be investing €200 million in BauMont’s latest fund to drive further growth opportunities. M&G Real Estate announced its acquisition of BauMont on Monday 4 November, full details of the acquisition can be found here: https://lnkd.in/edrYRese #marketingcommunication

M&G Real Estate can today announce that it has acquired a majority stake in BauMont Real Estate Capital Limited - a leading European investment manager specialising in value-add investment strategies in Western Europe. Formed in 2017, and with €1.5 billion of assets currently under management, BauMont has offices in Paris and London. BauMont’s 18-strong team will join forces with M&G’s £40 billion global real estate business, enabling M&G to expand its client proposition beyond its established core commercial, residential and debt strategies, and invest throughout the full property cycle – unlocking potential returns through active management. Tony Brown, Global Head of M&G Real Estate, and Robert Balick, Managing Partner at BauMont, joined us to discuss the benefits of the new partnership and the client opportunities it will bring. Full details of the acquisition can be found here: https://lnkd.in/edrYRese #marketingcommunication

We are pleased to count Associated British Foods Plc as a future tenant at The Fitzrovia, following a 31,000 sq ft pre-letting agreement. FTSE 100 listed group ABF – which owns a range of food and ingredients businesses including Kingsmill and Twinings, as well as retail brand Primark – is taking four floors of workspace at the development on London’s Tottenham Court Road. Set to complete in early 2025, The Fitzrovia capitalises on the demand for well located, Grade A office buildings that champion key sustainability and employee wellbeing standards. The all-electric scheme incorporates solar panels and a landscaped roof terrace to encourage biodiversity within central London; targeting a NABERS Design for Performance Rating of 5 stars and BREEAM Outstanding, as well as EPC A. The Fitzrovia is designed to achieve the highest Platinum certification under WELL as well as the highest Platinum rating for connectivity from WiredScore. #Marketingcommunication #MandGRealEstate

M&G has been actively investing in the APAC residential sector for over a decade, recently acquiring 378 apartments across three buildings in Osaka, Japan. We see significant growth potential in maturing markets across the region’s developed economies – mirrored by a new $250 million commitment to the sector by M&G’s Life Business. Taking forward our growth plans in the Asia Pacific Living sector, we are delighted that David Askham will step into the role of Director of Portfolio Management, Asia Living. With over 20 years of experience at M&G, David will spearhead the growth and strategic direction of our investments in the sector. Martin Towns, Deputy Global Head of M&G Real Estate, said: “Our further expansion into Asia Pacific Living is a natural progression, leveraging our established $1.2 billion exposure to residential assets in Asia. This builds on the proven success of our residential investments across the UK and Europe, while harnessing the expertise of our Living team to seek continued growth globally.” #Marketingcommunication #MandGRealEstate

We are excited to be back at EXPO REAL 2024, please take time to come and see us. #MandGRealEstate #EXPOReal2024

As we accelerate our growth in European real estate debt markets, we are delighted to welcome Edward Boots to our Real Estate Finance team. Responsible for sourcing and executing new lending opportunities across Continental Europe, Edward will work alongside Andreas Schaefer and the wider origination team, as well as M&G’s local real estate investment teams. Based in Amsterdam, Edward joins from HSBC Continental Europe, where he served as Head of Real Estate Finance, The Netherlands. Dan Riches, Head of Real Estate Finance, commented: “As one of Europe’s most established non-bank lenders, we have ambitious plans to grow our presence on the Continent to meet the evolving investment needs of our global institutional client base. Lending dynamics are changing as banks further retrench from some areas of the market, and Edward’s appointment bolsters our team’s capacity and network to source and execute corresponding opportunities.”

We are delighted that National Highways has committed to our Three Snowhill building as its new midlands headquarters, joining BT as a major tenant. The ten-year, 58,697 sq ft letting marks the largest of 2024 in Birmingham’s central business district, underscoring the continuing appeal of high quality, well-located office space in the city. With agile, activity-based working at the core of its design, Three Snowhill offers the benefit of close transport links, flexible work space and excellent wellbeing facilities. Aaron Pope, Portfolio Director of Offices Asset Management at M&G Real Estate, commented: “This significant letting to National Highways reflects Three Snow Hill’s standing within Birmingham’s business landscape. The positive trends we are seeing in the city’s commercial real estate market, including robust transaction activity and significant infrastructure investments, continue to enhance its attractiveness as a prime business hub, which will help to drive returns for our clients.” #marketingcommunication

We are delighted to welcome Wenning Jung to our Asia Life Fund Team as Director of Portfolio Management for Fund of Funds. Launched in 2011, the Fund of Funds strategy invests in top-performing funds and strategies across Asia Pacific, North America, the UK and Europe. Wenning will play a key role in helping to manage and drive growth in the global Fund of Funds portfolio, bringing 20 years of institutional real estate investment and client management experience. Based in Singapore, she will report to Martin Seol, Head of Asia Life Fund. JD Lai, Chief Executive and Chief Investment Officer, M&G Real Estate Asia, commented: “Our commitment to excellence in portfolio management has been a key driver of our ability to outperform industry benchmarks. As we continue to capitalise on the highly compelling real estate market in the current vintage and deliver outstanding returns for our investors, we are delighted to welcome Wenning to our team. Her proven track record and expertise, combined with the efforts of our more than 40 dedicated investment professionals across the region, will be instrumental in building on our success and further strengthening our team.” https://ow.ly/7N7H50SPQIS