PGIM Real Estate has acquired a 25 per cent stake in Langtree, on behalf of an investment strategy, in a multi-million pound deal. Langtree is a leading UK regional property development and management business.
PGIM Real Estate is the real estate investment business of PGIM, the US$1.4 trillion global investment management businesses of US-headquartered Prudential Financial, Inc. (NYSE: PRU).
The investment will build on Langtree’s strong growth since its foundation five years ago and provide it with the financial resources to boost its activities. Langtree is behind schemes such as Wire Regeneration, a major mixed-use town centre redevelopment of Warrington’s southern gateway and the science and technology park, SciTech Daresbury, also in Cheshire.
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