Media Contact:

PGIM Real Estate
Brendan Duffy / 973-802-5711 / brendan.duffy@prudential.com

July 19, 2017

Industrial projects key focus as PGIM Real Estate Finance generates $1.2 billion in transactions for first half of 2017

NEWARK, N.J., July 19, 2017 - PGIM Real Estate Finance, long attracted to the industrial sector, has closed more than $1.2 billion in commercial mortgage loans within the sector through the first half of 2017 as e-commerce continues to drive industrial development. The loans include transactions in the U.S., the U.K. and Australia, representing about a third of the company’s originations through June 30.

June 01, 2017

PGIM Real Estate and Kisco Senior Living joint venture acquires Bay Area senior living community

WALNUT CREEK, CALIF., June 1, 2017 - PGIM Real Estate and Kisco Senior Living have formed a joint venture to acquire and operate Byron Park, a 187-unit independent and assisted living facility in Walnut Creek, Calif. PGIM Real Estate, acting on behalf of institutional investors, is the real estate investment business of PGIM, the global investment businesses of Prudential Financial, Inc. (NYSE: PRU).

May 31, 2017

PGIM Real Estate acquires food storage and distribution centre in Jurong, Singapore

SINGAPORE, May 30, 2017 – PGIM Real Estate has recently completed the acquisition of a food storage and distribution centre at 1 Buroh Lane in Singapore, on behalf of a pan-Asia value-add fund it manages for institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).  

May 11, 2017

PGIM Real Estate raises MXP$4.4 billion for Mexican private real estate fund

MEXICO CITY, May 11, 2017 – PGIM Real Estate has completed a capital raise of MXP$4.4 billion (USD$235 million) for PruMex IV CKD, a closed-end real estate fund investing across various property sectors in Mexico. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). 

April 27, 2017

PGIM Real Estate raises more than £1b for European private real estate debt fund

LONDON, April 27, 2017 - PGIM Real Estate has completed a capital raise exceeding £1 billion for PRECap VI (Pramerica Real Estate Capital VI), surpassing its fundraising target. PRECap VI is the largest fund in a series dedicated to investing in private real estate debt in Europe.
March 30, 2017

PGIM Real Estate acquires 42-44 rue de Paradis office in Paris

PARIS, March 30, 2017 – PGIM Real Estate has acquired a 6,000-square-meter office building located at 42-44 rue de Paradis on behalf of investors in a discretionary pan-European core-plus real estate fund. PGIM Real Estate is the real estate investment business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU). 

March 08, 2017

PGIM Real Estate completes the acquisition of T Tower in Seoul

SEOUL, Mar. 8, 2017 – PGIM Real Estate has recently completed the acquisition of the prime T Tower office building in Seoul’s central business district. PGIM Real Estate is the real estate investment business of PGIM, the trillion-dollar global investment management business of Prudential Financial, Inc. (NYSE: PRU).