PGIM Real Estate’s European Core Plus strategy has raised over €372 million less than six months after the inception of the new vehicle, according to details released by the firm.
According to PGIM, the strategy targets Europe’s most liquid markets, allocating to sectors benefiting from structural trends driven by digitalisation, changing demographics and decarbonisation. It will invest in sectors such as last mile logistics; residential including rental, senior and student housing; and new generations of office. The strategy will also target tactical opportunities in mispriced sectors, such as hotels or selfstorage.
Source: https://propertyeu.info/Nieuws/PGIM-Real-Estate-raises-372m-for-European-core-plus-strategy/978ea766-4607-487d-8d65-4b6b41a36759, on 23.02.2023