PGIM Real Estate Makes First UK Acquisition For European Core Strategy

PGIM Real Estate has made its first acquisition in the UK on behalf of the investors in its European core strategy. PGIM Real Estate is the real estate investment and financing business of PGIM, the US $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). The residential property that has been acquired, known as “Centre Square”, consists of 123 multifamily rental units, situated on a central site in High Wycombe, Buckinghamshire.