M&G Real Estate appoints Martin Towns as head of capital solutions

M&G Real Estate has appointed Martin Towns as Head of Capital Solutions, reporting to Tony Brown, global chief investment officer.

As Head of Capital Solutions, Towns will identify opportunities for international investors seeking direct real estate exposure to the UK, continental Europe and Asia, where M&G Real Estate has an established presence. Working with M&G Real Estate's deal origination and investment management teams, he will provide separate account strategies, joint venture vehicles and club transactions for investors.

Promoted from within M&G Real Estate, Towns has been deputy fund manager of a £9 billion separate account for the past four years. His 13 years of real estate fund management experience also includes time at Close Brothers as Director of Commercial Property, where he established and managed a series of property funds in the UK and Europe.

Brown says: “There is an increasing trend in global real estate for large international and sovereign wealth investors to partner with established fund managers on deals, joint ventures and separate accounts. Having already established a separate accounts division in response to this trend, we felt it was time to dedicate a senior resource to meet our aspirations in this area and to match significant deals to capital. Martin’s appointment reflects the depth of talent we have within M&G Real Estate.”

Towns adds: “With a long track record of managing significant separate accounts, M&G Real Estate is perfectly positioned to provide direct investment solutions to major investors as the surge of global capital in real estate flows towards the UK and Continental Europe. This is an ideal opportunity and I look forward helping both current and future clients to secure direct real estate exposure with the support of our leading investment and asset management teams.”