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PGIM Real Estate grows European debt portfolio in logistics and last-mile

2020-12-01T11:56:00

PGIM Real Estate continues to build its European senior loan portfolio in the logistics and industrial sectors, providing financing for three separate portfolios across the UK and Continental Europe, in the fourth quarter of this year. 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).

PGIM Real Estate has provided loans of £31.95 million, for the financing of a multi-tenanted industrial and logistics property portfolio in the UK, and £95 million to refinance nine freehold logistics assets in the UK. In addition, it has provided a loan of €131.5 million for the financing and acquisition of a light industrials and logistics portfolio in the Netherlands. 

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