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.

In Asia-Pacific, PGIM Real Estate completed US$3.0 billion in 68 transactions across both debt and equity, compared to roughly US$1.0 billion in 2020. Transaction volume in equity rose to US$2.35 billion and for debt to US$670 million. In the US, PGIM Real Estate completed US$34.97 billion across 917 transactions and in Europe US$4.7 billion across 76 transactions.

Benett Theseira, head of Asia-Pacific at PGIM Real Estate, comments: “The growth of PGIM Real Estate’s portfolio in Asia-Pacific is centred on high-conviction investment themes driven by three pillars of growth: digital transformation, generational change in living needs, and ESG-credentials. These pillars significantly shape the demand in real estate and create attractive investment opportunities across all investment strategies and all major markets including Singapore, Japan, Mainland China, Hong Kong and Australia.”

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