PGIM Real Estate hires senior portfolio manager for European core strategy
Thomas Kallenbrunnen has joined PGIM Real Estate as a managing director and senior portfolio manager for its European core diversified real estate strategy.
PGIM Real Estate is the real estate investment business of PGIM Inc., the USD1 trillion global investment management business of Prudential Financial.
Kallenbrunnen is based in Frankfurt and reports to Raimondo Amabile, head of Europe. PGIM Real Estate’s European platform had approximately USD13 billion in assets under management or administration as of 30 September, 2018 and since 2012 has completed USD21 billion in equity and debt transactions on behalf of investors throughout Europe.
“The scale, maturity, liquidity and diversification of the European core market, as well as the low supply growth and ongoing occupier demand, present a compelling investment opportunity to deliver stable, income-driven returns to investors globally,” says Amabile. “Thomas’s extensive portfolio management experience and deep understanding of the market will further bolster our ability to capitalise on the significant opportunities we see in core European real estate.”
Kallenbrunnen brings over 16 years of real estate investment management experience to PGIM Real Estate. Previously, Kallenbrunnen was general manager at Helaba Invest, a German investment management firm where he led the real estate and alternative investment business since its inception in 2012. Earlier, Kallenbrunnen was head of real estate portfolio management at VersAM Versicherungs Asset Management and a senior manager at PwC, leading international real estate projects for financial service clients.
Kallenbrunnen has a doctorate degree in economics from the University of Saarland and has received his MBA from the TRIUM Executive Program at the NYU Stern School of Business, HEC Paris and London School of Economics, and is qualified as a RICS Chartered Surveyor since 2009.