M&G Real Estate

As central business districts around the world evolve, repositioning and upgrading well-located buildings to provide the quality of space people need offers a significant opportunity to create value. In Seoul’s International Finance Center, we have acquired a 25.3% stake in the five-star Conrad Seoul Hotel, catering to both business and leisure travellers, with plans to optimise room layouts and repurpose event spaces to boost revenue.     Daniel Cho, Head of Korea, M&G Real Estate Asia, said: “Seoul’s hospitality sector is at an inflection point with revenue expected to reach nearly USD10 billion by 2029, and this acquisition demonstrates M&G’s expertise in identifying assets that can be future proofed to stand the test of time.”   M&G has a long-standing focus on investments with strong fundamentals, complemented by its growing expertise in value-enhancing strategies. The addition of BauMont Real Estate Capital in Europe to our real estate platform has further expanded our ability to execute value-add strategies globally. This expansion allows us to offer investors more opportunities across various sectors and regions, combining BauMont’s proven track record with enhanced European capabilities. #RealEstate #SeoulRealEstate #KoreaRealEstate #ConradSeoul #ValueAddStrategies

We are delighted to announce our acquisition of N16 Stratford, a best-in-class student accommodation development in Stratford, London. Situated within the East Village in the heart of Stratford, the development will help to meet growing demand for high quality, secure accommodation that supports students’ university experience, in the UK’s most undersupplied purpose-built student accommodation market.   N16 Stratford will deliver 504 beds alongside over 1,500 sqm of amenity space, roof terraces, and courtyard areas. The scheme is targeting a BREEAM rating of Outstanding and EPC A and will be delivered by HG living as developer and HG Construction as main contractor for the 2028/29 academic year.   Alex Greaves, Head of UK & European Residential, M&G Real Estate, said: “N16 Stratford is an excellent addition to M&G’s significant student accommodation portfolio and addresses the acute need for quality accommodation in London for talented students to study, develop career paths and relax. We are excited about the opportunities it presents alongside the potential for attractive returns in a market that has consistently shown resilience and growth.” #realestate #studentaccommodation 

We are thrilled to announce our first investment in Australia’s PBSA sector with the acquisition of Park Avenue in Melbourne for USD 61.8 million. This aligns with our Asia Pacific Living strategy to invest in high-quality assets in markets with strong demand and growth prospects. Australia’s PBSA market has nearly doubled in the past decade, yet still serves only 6.5% of the full-time on-campus student population. Our investment in Park Avenue, near top universities like the University of Melbourne and Monash University, expands our presence in the region’s living sector, increasing our total exposure to USD 1.3 billion. JD Lai, Chief Executive and Chief Investment Officer of M&G Real Estate Asia, said, “Our entry into Australia’s PBSA market reflects our confidence in the region’s long-term fundamentals and the significant investment opportunities it offers our clients. Constrained housing supply continues to drive the need for high-quality rental housing, particularly in developed markets like Australia.” #RealEstate #Investment #StudentAccommodation #SustainableInvestment #LongTermGrowth

M&G Real Estate will be at MIPIM 2025 from March 11-14. Visit our stand to discuss our latest projects and market insights. We look forward to connecting with you! #MIPIM2025 #RealEstate #Networking #Innovation

Australia’s continued economic and population growth, coupled with e-commerce expansion, is driving continued strong demand for logistics property and modern distribution space. Our recent acquisition of a 50% stake in Ingleburn Logistics Park in Sydney is well-positioned to support occupiers with efficient supply chain operations, benefiting from strong transport connectivity and significant planned infrastructure developments in the region. Located within Sydney’s Southwest Growth Corridor, Ingleburn Logistics Park comprises seven modern logistics buildings with a total gross floor area of 163,872 sqm. The distribution hub’s proximity to key transport routes makes it attractive to line haul operators to and from Melbourne and throughout New South Wales, while the scheduled completion of Sydney International Airport in 2026, as well as the future Metro to Western Sydney Airport Rail Line, will further improve transport links and bolster the area’s logistics capacity. The asset is fully leased with a weighted average lease expiry of almost five years, targeting a 5-star Green Star Design & As Built certification, with a plan to reduce emissions through further installation of solar panels. M&G will enter into a long-term partnership with Stockland to jointly own the asset.

Can the LGPS invest in local, low carbon, UK affordable housing and provide attractive returns for their members? Where are the opportunities and what are the pitfalls? Our affordable living fund manager, Chris Jeffs, tackled these questions with a packed room at the #LAPFStrategicInvestmentForum last week. Chris’ latest affordable housing investment is here https://ow.ly/GUuv50UWSYw! #Marketingcommunication #LGPS #Pensions #AffordableHousing #Sustainability

We are delighted to be part of the PERE Asia Summit taking place on 24-26 February in Singapore. Join us as we discover the latest market trends and hear what Tony Brown, Global Head of Real Estate, thinks are the next big moves for the world’s institutional investors in real estate, alongside a panel of industry experts. You will also be able to hear from Alex Greaves, Head of UK and European Living, as he presents the trends, opportunities, and challenges facing the global living sector in 2025. #marketingcommunication

We are delighted to begin 2025 by announcing our new joint venture with TPG as a co-investor in our UK logistics platform, AGLP. AGLP is the UK’s fourth largest multi-let industrial portfolio at 6 million square feet, occupied by 630 businesses serving communities across the country. Together with TPG we plan to actively evolve the portfolio through a circa £53 million capital expenditure programme, further enhancing asset quality and sustainability. Martin Towns, Deputy Global Head of M&G Real Estate, commented: “TPG’s significant international investment into the UK market comes as surging demand for industrial space meets constrained supply, with land around towns and cities often having been transferred to residential use. We welcome TPG as our latest co-investment partner and look forward to working together to continue the journey of our AGLP platform on behalf of our clients.”

Our latest living sector investments add much needed housing supply in Lisbon and Valencia – rapidly becoming two of Europe’s most popular living destinations, where new residential developments are still limited. In Valencia, where research estimates that more than 132,000 new homes need to be built by 2037, we have acquired 331 high quality private rental apartments which are close to fully let. In Lisbon, our local origination team sourced an off-market transaction to forward fund a scheme adjacent to M&G’s student accommodation project, The Mile. Well-connected to Lisbon’s airport, the new scheme will provide 203 studios as well as 56 one-bedroom premium rooms, ready for occupation in 2027. Federico Bros Tejedor, Head of Investment and Asset Management for Iberia at M&G Real Estate reflected: “We are extremely pleased to be able to source these high quality assets, which we believe will deliver best-in-class living space in markets with large housing undersupply while helping to target attractive, risk adjusted returns to institutional investors.” #Marketingcommunication

The festive season is in full swing, and we're pleased to see the Mall at Cribbs Causeway in Bristol playing its part to help Santa with his preparations for the big day. For the second year in a row, more than 30,000 children are expected to meet Santa and his helpers at Cribbs Causeway as part of a festive storytelling series. M&G Real Estate was an original investor when the Mall was built in 1998. The Mall is very close to 100% occupancy after completing new lettings to a series of leading brands including Lego, Castore, KIKO Milano, Austen & Blake, Sweaty Betty, and Phase Eight. Complimented with continued year-on-year increases in footfall, we are delighted to see its growth and development. With M&G’s majority stake in Cribbs, it’s another example of our unique business model where our Life team deploys large scale capital, in this case through our PruFund range, and our Asset Management experts identify and actively manage long-term investment opportunities.