M&G Real Estate has launched a European property strategy that has attracted significant backing from MN of the Netherlands and an internal fund client. The M&G European Living Property Fund is a European expansion of its €1.5 billion UK Living strategy.
In a statement, the company said it aimed to provide institutional investors with ‘attractive risk adjusted returns’ through investment into Europe’s residential sectors – student housing, single and multifamily housing and retirement living. In a major success, the investment manager is working with MN, one of the biggest pension fund administrators and assets managers of Dutch pension funds. MN, which is diversifying and internationalising its residential exposure, is committing €400 million to the fund. Meanwhile, an internal client of M&G has committed €178 million as part of its move to upweight in European alternatives.
Source: https://propertyeu.info/Nieuws/M-G-launches-European-Living-Property-Fund-with-578m-of-capital-commitments/f7ba85e3-89a3-4692-aeeb-cf52845cb9e7, on 12.01.2023