M&G Real Estate

Our latest living sector investments add much needed housing supply in Lisbon and Valencia – rapidly becoming two of Europe’s most popular living destinations, where new residential developments are still limited. In Valencia, where research estimates that more than 132,000 new homes need to be built by 2037, we have acquired 331 high quality private rental apartments which are close to fully let. In Lisbon, our local origination team sourced an off-market transaction to forward fund a scheme adjacent to M&G’s student accommodation project, The Mile. Well-connected to Lisbon’s airport, the new scheme will provide 203 studios as well as 56 one-bedroom premium rooms, ready for occupation in 2027. Federico Bros Tejedor, Head of Investment and Asset Management for Iberia at M&G Real Estate reflected: “We are extremely pleased to be able to source these high quality assets, which we believe will deliver best-in-class living space in markets with large housing undersupply while helping to target attractive, risk adjusted returns to institutional investors.” #Marketingcommunication

The festive season is in full swing, and we're pleased to see the Mall at Cribbs Causeway in Bristol playing its part to help Santa with his preparations for the big day. For the second year in a row, more than 30,000 children are expected to meet Santa and his helpers at Cribbs Causeway as part of a festive storytelling series. M&G Real Estate was an original investor when the Mall was built in 1998. The Mall is very close to 100% occupancy after completing new lettings to a series of leading brands including Lego, Castore, KIKO Milano, Austen & Blake, Sweaty Betty, and Phase Eight. Complimented with continued year-on-year increases in footfall, we are delighted to see its growth and development. With M&G’s majority stake in Cribbs, it’s another example of our unique business model where our Life team deploys large scale capital, in this case through our PruFund range, and our Asset Management experts identify and actively manage long-term investment opportunities.

Globally, we expect the next five years to reflect the strongest performance that real estate has seen for the best part of a decade. How could investors embrace the upswing? https://ow.ly/CHUq50UrAZN

Living Unpacked: In conversation with Melanie Leech Our Head of Living, Alex Greaves, recently sat down with Melanie Leech, CEO of the British Property Federation for some fascinating insights from her career, the BPF’s work and her views on housing policy. https://lnkd.in/eZ6weH2g Listen to find out more about: • Melanie’s journey from Met police officer to key voice for the UK property industry • How the BPF is convening the industry’s next generation • Housing sector takeaways from the recent budget • Will the government meet its 300k new homes annual target? #Marketingcommunication

With increased optimism moving into 2025, we believe it is an opportune time to leverage tailwinds in real estate markets. https://ow.ly/tjsG50UlyJj Globally, we expect the next five years to reflect the strongest performance that real estate has seen for the best part of a decade. How could investors embrace the upswing? #marketingcommunication

Exciting news from Whitstable, Kent! 🎉 Attractive, well-located, sustainable, affordable homes are in high need in towns and cities across the UK, after decades of underdevelopment. Whitstable in Kent is no exception, due to the impact of tourism and second homes, local residents are in desperate need of high-quality, energy efficient, new housing. Through our strategic partnership with Hyde Group, we are enabling the development of 220 much needed new affordable homes that will offer residents a thoughtfully designed place to live with uninterrupted sea views. We are pleased to say, the Lord Mayor of Canterbury has officially broken ground, marking the start of construction works at the Seasalter development, which will also deliver a further 100 homes for social rent. Located on the edge of the popular coastal town, with good transport links to London, the development’s design reflects the best of sustainable living. This will be one of Hyde’s most sustainable schemes to date! Through solar panels, residents will receive renewable energy to their homes, using an innovative micro-grid system to power on-site battery storage, enabling residents to benefit from energy reduced bills. The homes that are fit for the future – targeting an EPC ‘A’ rating. 🌱🏡 As well as much needed affordable housing and abundant public open space, the development will create a home for wildlife through a dedicated nature reserve. We are thrilled to see this project come to life and look forward to welcoming new residents in the near future. A big thank you to our partners, The Hyde Group, and Folkstone based Jenner (Contractors) Ltd, and everyone involved in making this vision a reality! We look forward to doing more in Kent! #Marketingcommunication #AffordableHousing #CommunityDevelopment #SustainableLiving

“Investor intention surveys have shown that European and Asian investors see the market potential of value-add real estate strategies, especially at this point in the cycle.” BauMont Real Estate Capital Limited is a market-leading European investment manager specialising in value-add strategies in Western Europe, and its Managing Partner Frederic Laurent joined us to discuss the potential benefits value-add real estate strategies can bring to the property cycle. Full details of M&G Real Estate’s acquisition of BauMont can be found here: https://lnkd.in/edrYRese #marketingcommunication

“Straight away, this gives us firepower to actively take advantage of the real estate market.” Martin Towns, Deputy Head of M&G Real Estate, discusses why the acquisition of BauMont Real Estate Capital Limited will give M&G the ability to invest throughout the property cycle and across the capital stack. Martin also explains that M&G’s With Profits Fund, which invests and manages the long-term savings on behalf of 4.5 million UK policy holders, including 450,000 clients in the market leading PruFund, will be investing €200 million in BauMont’s latest fund to drive further growth opportunities. M&G Real Estate announced its acquisition of BauMont on Monday 4 November, full details of the acquisition can be found here: https://lnkd.in/edrYRese #marketingcommunication

M&G Real Estate can today announce that it has acquired a majority stake in BauMont Real Estate Capital Limited - a leading European investment manager specialising in value-add investment strategies in Western Europe. Formed in 2017, and with €1.5 billion of assets currently under management, BauMont has offices in Paris and London. BauMont’s 18-strong team will join forces with M&G’s £40 billion global real estate business, enabling M&G to expand its client proposition beyond its established core commercial, residential and debt strategies, and invest throughout the full property cycle – unlocking potential returns through active management. Tony Brown, Global Head of M&G Real Estate, and Robert Balick, Managing Partner at BauMont, joined us to discuss the benefits of the new partnership and the client opportunities it will bring. Full details of the acquisition can be found here: https://lnkd.in/edrYRese #marketingcommunication

We are pleased to count Associated British Foods Plc as a future tenant at The Fitzrovia, following a 31,000 sq ft pre-letting agreement. FTSE 100 listed group ABF – which owns a range of food and ingredients businesses including Kingsmill and Twinings, as well as retail brand Primark – is taking four floors of workspace at the development on London’s Tottenham Court Road. Set to complete in early 2025, The Fitzrovia capitalises on the demand for well located, Grade A office buildings that champion key sustainability and employee wellbeing standards. The all-electric scheme incorporates solar panels and a landscaped roof terrace to encourage biodiversity within central London; targeting a NABERS Design for Performance Rating of 5 stars and BREEAM Outstanding, as well as EPC A. The Fitzrovia is designed to achieve the highest Platinum certification under WELL as well as the highest Platinum rating for connectivity from WiredScore. #Marketingcommunication #MandGRealEstate