M&G Real Estate

We are delighted that National Highways has committed to our Three Snowhill building as its new midlands headquarters, joining BT as a major tenant. The ten-year, 58,697 sq ft letting marks the largest of 2024 in Birmingham’s central business district, underscoring the continuing appeal of high quality, well-located office space in the city. With agile, activity-based working at the core of its design, Three Snowhill offers the benefit of close transport links, flexible work space and excellent wellbeing facilities. Aaron Pope, Portfolio Director of Offices Asset Management at M&G Real Estate, commented: “This significant letting to National Highways reflects Three Snow Hill’s standing within Birmingham’s business landscape. The positive trends we are seeing in the city’s commercial real estate market, including robust transaction activity and significant infrastructure investments, continue to enhance its attractiveness as a prime business hub, which will help to drive returns for our clients.” #marketingcommunication

We are delighted to welcome Wenning Jung to our Asia Life Fund Team as Director of Portfolio Management for Fund of Funds. Launched in 2011, the Fund of Funds strategy invests in top-performing funds and strategies across Asia Pacific, North America, the UK and Europe. Wenning will play a key role in helping to manage and drive growth in the global Fund of Funds portfolio, bringing 20 years of institutional real estate investment and client management experience. Based in Singapore, she will report to Martin Seol, Head of Asia Life Fund. JD Lai, Chief Executive and Chief Investment Officer, M&G Real Estate Asia, commented: “Our commitment to excellence in portfolio management has been a key driver of our ability to outperform industry benchmarks. As we continue to capitalise on the highly compelling real estate market in the current vintage and deliver outstanding returns for our investors, we are delighted to welcome Wenning to our team. Her proven track record and expertise, combined with the efforts of our more than 40 dedicated investment professionals across the region, will be instrumental in building on our success and further strengthening our team.” https://ow.ly/7N7H50SPQIS

Find out why we are increasingly optimistic about the outlook for real estate, in M&G’s mid-year Global Real Estate Outlook. https://ow.ly/qc9U50SyxuS However, there remain a number of downside risks that need to be navigated. Where do investment prospects look attractive and what could be a key determinant of asset bifurcation and performance moving forward? #RealEstate #Outlook #marketingcommunication

Increased stability in the new political environment further supports prospects for UK real estate, Martin Towns, M&G Real Estate’s Deputy Global Head, puts across in this post-election Citywire article https://ow.ly/kI8450Sztts “By fostering a collaborative environment between institutional investors and policymakers, we can ensure a prosperous and sustainable future for our real estate market,” says Towns. #MandGRealEstate #marketingcommunication

With the turning of the cycle and a more positive outlook for real estate moving forward, investment performance is likely to be generated by income qualities, rather than yield compression-driven capital appreciation. Read our Global Real Estate Mid-Year Outlook to find out our global conviction views https://ow.ly/cLmx50SyxnC Capital at risk. #MandGRealEstate #marketingcommunicaton

Immersed in all things residential, M&G’s Chris Jeffs shares his views on how to lift some of the barriers facing investors in affordable housing in this thought-provoking article by Property Week on the opportunities and challenges around providing single-family housing. Read more here https://ow.ly/SnT050SttYR Undoubtedly, institutional capital is a fundamental part of the solution to the UK’s housing problem, yet – as the article highlights – obstacles range from a lack of public funding to a shortage of available land and a lengthy and complex planning process. In Chris’s view, releasing more publicly owned land, increasing subsidies or incentives for favoured tenures and streamlining the planning process could go a long way to overcoming some of these issues. He also highlighted the importance of collaboration between the public and private sectors in order to boost investment and create more affordable housing. “Helping to create a common language to enable better communication between two very different types of organisations will also be vital to be able to achieve the shared goal of putting institutional capital to work in the social housing sector,” he noted. #MandGRealEstate #marketingcommunication

Our best-in-class office development, 40 Leadenhall, has achieved the highest SmartScore certification for wired infrastructure – an achievement we are proud of. The development raises the bar for offices, creating a new destination in London’s financial district that meets modern working requirements and sustainability targets. SmartScore Platinum rating reflects the building’s quality, providing a first-class user experience and helping to drive operational and economic efficiencies. More information on the SmartScore ratings can be found here https://ow.ly/bLGh50Sp68l #MandGRealEstate #marketingcommunication

We are pleased to begin the redevelopment of The Ribbon – an 80,000 sq ft office scheme strategically situated at the corner of Oxford Street and Wells Street in London’s West End. The project marks our commitment to deliver exemplary buildings of scale within the central London office market, in step with our development of The Fitztrovia at Tottenham Court Road. Both schemes benefit from Crossrail infrastructure, while also contributing to urban regeneration. The Ribbon will blend modern design with respect for the area’s rich heritage, targeting NABERs 5*, WELL Platinum, BREEAM Outstanding and Smart Enabled certifications. M&G has appointed Wates as the main contractor and CBRE as development manager for the project, with completion earmarked for Q4 2025. #MandGRealEstate

We are proud to announce the opening of the Surbana Jurong Campus in Singapore – an investment that represents M&G’s commitment to sustainability, innovation, and positive outcomes for communities. The development pushes the boundaries of sustainable design through features such as an innovative underfloor air distribution system which improves ventilation, and efficient water management systems including gardens designed to capture and reduce stormwater runoff. The new global headquarters for leading architecture consultant Surbana Jurong helps to connect workers with the natural environment through native planting, and by optimising natural light and breeze, helping to promote wellbeing and productivity. It is among the first buildings in Singapore to pilot Super Low Energy Certification, rated Platinum under the Building and Construction Authority (BCA) Green Mark scheme for environmentally sustainable buildings. CEO and CIO, M&G Real Estate Asia, JD Lai, says: "The opening of the Surbana Jurong Campus epitomises our investment philosophy, which centres on creating spaces that pioneer sustainability and innovation, and offer tangible benefits for our tenants and the wider community.” #MandGRealEstate

We are thrilled to announce that our Heritage Lanes building in Brisbane, co-owned by Mirvac is the winner of the ‘Excellence in Urban Renewal’ category at the prestigious 2024 Urban Development Institute of Australia National Awards for Excellence. We are honoured that UDIA National has recognised the importance of this development for a second time, with Heritage Lanes having won ‘Queensland project of the Year’ in 2023. Find out more about the awards here https://ow.ly/8TRJ50R4mm5. Awards are not an indicator of future performance The last month has also seen the regeneration of the adjacent Roma and Turbot Street underpass, creating a multi-use sports court for use by the wider community. This project was the result of a proactive collaboration between M&G and Mirvac, Suncorp Group and local Brisbane communities. #MandGRealEstate #MarketingCommunication