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PGIM Real Estate acquires two residential buildings in Paris for its European core strategy

2021-02-15T12:21:00

PGIM Real Estate has acquired a residential portfolio of two properties, located in the 16th arrondissement of Paris, on behalf of its European core strategy. 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). 

The two residential buildings in the portfolio are located in the heart of the 16th arrondissement, in one of the most established residential markets in Paris, close to the Arc de Triomphe, avenue Victor Hugo and rue le Sueur. 

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