M&G Real Estate

We are pleased to count Associated British Foods Plc as a future tenant at The Fitzrovia, following a 31,000 sq ft pre-letting agreement. FTSE 100 listed group ABF – which owns a range of food and ingredients businesses including Kingsmill and Twinings, as well as retail brand Primark – is taking four floors of workspace at the development on London’s Tottenham Court Road. Set to complete in early 2025, The Fitzrovia capitalises on the demand for well located, Grade A office buildings that champion key sustainability and employee wellbeing standards. The all-electric scheme incorporates solar panels and a landscaped roof terrace to encourage biodiversity within central London; targeting a NABERS Design for Performance Rating of 5 stars and BREEAM Outstanding, as well as EPC A. The Fitzrovia is designed to achieve the highest Platinum certification under WELL as well as the highest Platinum rating for connectivity from WiredScore. #Marketingcommunication #MandGRealEstate

M&G has been actively investing in the APAC residential sector for over a decade, recently acquiring 378 apartments across three buildings in Osaka, Japan. We see significant growth potential in maturing markets across the region’s developed economies – mirrored by a new $250 million commitment to the sector by M&G’s Life Business. Taking forward our growth plans in the Asia Pacific Living sector, we are delighted that David Askham will step into the role of Director of Portfolio Management, Asia Living. With over 20 years of experience at M&G, David will spearhead the growth and strategic direction of our investments in the sector. Martin Towns, Deputy Global Head of M&G Real Estate, said: “Our further expansion into Asia Pacific Living is a natural progression, leveraging our established $1.2 billion exposure to residential assets in Asia. This builds on the proven success of our residential investments across the UK and Europe, while harnessing the expertise of our Living team to seek continued growth globally.” #Marketingcommunication #MandGRealEstate

We are excited to be back at EXPO REAL 2024, please take time to come and see us. #MandGRealEstate #EXPOReal2024

As we accelerate our growth in European real estate debt markets, we are delighted to welcome Edward Boots to our Real Estate Finance team. Responsible for sourcing and executing new lending opportunities across Continental Europe, Edward will work alongside Andreas Schaefer and the wider origination team, as well as M&G’s local real estate investment teams. Based in Amsterdam, Edward joins from HSBC Continental Europe, where he served as Head of Real Estate Finance, The Netherlands. Dan Riches, Head of Real Estate Finance, commented: “As one of Europe’s most established non-bank lenders, we have ambitious plans to grow our presence on the Continent to meet the evolving investment needs of our global institutional client base. Lending dynamics are changing as banks further retrench from some areas of the market, and Edward’s appointment bolsters our team’s capacity and network to source and execute corresponding opportunities.”

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