FRANKFURT, Germany, Oct. 18, 2018 – PGIM Real Estate has acquired Diana & Vesta, a modern office property in Amsterdam, on behalf of one of its European core plus funds. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).
Diana & Vesta comprises 24,428 square meters of office space in the Plaza Arena office development, located in the northern part of Amsterdam-Southeast, a key business hub in Amsterdam with direct access to key public transport and traffic arteries. Amenities servicing the property include a flexible and modern co-working space, restaurant, bar, gym and physiotherapist.
Dominik Brambring, head of transactions for Germany and the Netherlands, commented, “The acquisition of Diana & Vesta is an ideal opportunity for our investors to capitalize on the strength of the Dutch economy, its continued employment growth and Amsterdam’s tightening office supply in a location that is experiencing significant improvement and redevelopment.”
About PGIM Real Estate
PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 17 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $69.2 billion ($49.5 billion net) as of June 30, 2018. PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate equity, debt and securities investment strategies that span the risk/return spectrum. For more information, visit pgimrealestate.com.
About PGIM, Inc.
With 15 consecutive years of positive third-party institutional net flows, PGIM, the global asset management businesses of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world with more than $1 trillion in assets under management as of June 30, 2018. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 15 countries across four continents.
Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about PGIM, please visit pgim.com. For more information about Prudential, please visit news.prudential.com.
Prudential Financial, Inc., of the United States is not affiliated with Prudential plc, a company headquartered in the United Kingdom.