Content (15)
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Asset Manager News
PGIM Real Estate global transactions rise 43%, driven by logistics, residential and ESG trends in Asia-Pacific
SINGAPORE, 31 March 2022 – PGIM Real Estate completed a record US$42.7 billion across 1,067 transactions in 2021, up 43% from the previous year, as it continues to strengthen its global real estate portfolio across equity and debt strategies. PGIM Real Estate is the US$209.3 billion real estate business of PGIM.
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Asset Manager News
PGIM Real Estate grows APAC logistics footprint with two food warehouses in Korea
SINGAPORE, 11 November 2021 – PGIM Real Estate has strengthened its logistics portfolio in Asia Pacific with the acquisition of two properties in Seoul on behalf of the firm’s Asia Pacific core strategy and through a joint venture with Singapore’s CapitaLand Investment. The properties were acquired from Foodist Co. Ltd and have significant cold chain facilities that support Foodist’s operations of catering and food distribution.
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People News
PGIM Real Estate Adds Head of China
HONG KONG, SINGAPORE, 1 November 2021 – PGIM Real Estate has appointed Matthew Yao as Head of China. PGIM Real Estate is the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Equinix and PGIM Real Estate Enter into a US$575 Million JV to Extend Hyperscale Data Center Program into Australia
REDWOOD CITY, Calif. – October 18, 2021 – Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial’s global asset management business, today announced an agreement to establish a US$575 million joint venture in the form of a limited liability partnership to develop and operate two xScale data centers in Sydney, Australia.
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White papers
Global Outlook 2021 - Asia-Pacific
Given our assessment of the outlook for the Asia Pacific economy and real estate market, we identify the following opportunities as being among the most attractive on a risk-adjusted basis over the next 12 months.
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Asset Manager News
PGIM Real Estate sells Jung-An Building in Seoul, South Korea
PGIM Real Estate has sold Jung-An Building, a 10-story office building located in Seoul, South Korea. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
PGIM Real Estate acquires 12-story office building in Singapore for US$107M
PGIM Real Estate has completed the acquisition of 108 Robinson Road, a 12-story freehold office building located in the heart of the Central Business District (CBD) in Singapore for US$107 million. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
PGIM Real Estate Secures S$900 Million Green Loan From DBS, OCBC Bank And UOB For NEX Mall
PGIM Real Estate has secured a S$900 million green loan from DBS, OCBC Bank and UOB for the refinancing of NEX, a major retail mall in Singapore. This deal marks a significant foray into sustainable finance for PGIM Real Estate in the region.
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White papers
Global Data Centers - Asia Pacific Excerpt
The COVID-19 pandemic has caused the largest economic shock in generations. Significant disruption across all segments of the economy has resulted in severe recessions globally.
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Asset Manager News
PGIM Real Estate and Alyssa Partners acquire a portfolio of newly built residential assets in Tokyo for JPY 9.2bn
A joint venture partnership formed between PGIM Real Estate and Alyssa Partners has entered into sale and purchase agreements with two unrelated counterparts to acquire four newly built multifamily assets located in Tokyo.
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Asset Manager News
PGIM Real Estate on track to reach US$1B for Asia Pacific Value-Add Fund IV
The fourth in PGIM Real Estate’s series of Asia Pacific value-add funds, AVP IV, has raised US$970 million, and is in advanced discussions for additional commitments that would take the capital raise to over US$1 billion.
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Asset Manager News
PGIM Real Estate acquires six-building multifamily portfolio in Japan
On behalf of its Asia core real estate strategy, PGIM Real Estate has acquired a six-building multifamily portfolio located across Tokyo and Yokohama, Japan, valued at approximately US$120 million. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).