M&G Real Estate secures USD500m UK investment mandate

M&G Real Estate has been awarded a USD500 million mandate to invest in UK real estate by a major European investor.

The mandate will seek direct real estate investment opportunities across all main property types in primary markets in the UK.
Chief executive Alex Jeffrey says: “This new mandate reinforces our position as one of the most active participants in the UK real estate investment market and is testament to our market-leading reputation for origination, reliable execution and ability to participate in the full spectrum of real estate.
“In the wake of the EU Referendum, this commitment by a major European investor signals confidence in the UK real estate market and confirms the status of UK commercial property as a compelling asset class on a long-term basis.
“This mandate reflects our strategic objective to grow our bespoke separate account business selectively in the UK, Europe and Asia.”
Martin Towns, head of capital solutions, M&G Real Estate, says: “It is a pleasure to be working with a global investor of this calibre to deliver a customised investment programme which fits their requirements.
“M&G Real Estate has a long term, established track record in managing bespoke separate account mandates in the UK and elsewhere around the world. We see strong and growing appetite from sophisticated investors globally for such customised strategies.
“The UK’s decision to leave the European Union has created a period of political uncertainty, yet the UK’s economy is resilient and clear opportunities exist to take advantage of continued macro trends such as the growth of e-commerce and greater urbanisation. This, allied to a limited supply of good quality, modern real estate in key markets, offers a positive outlook for investors seeking attractive, long term income-led returns.”

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