M&G Real Estate, formerly Prudential Property Investment Managers, is a global

real estate investment Real may refer to: Currencies * Argentine real * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Nature and science * Reality, the state of things as they exist, rath ...

manager, providing integrated services for

fund management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastru ...

, asset management and property management. M&G Real Estate is part of

M&G Investments M&G plc is a global investment manager headquartered in the City of London. Since its de-merger from Prudential plc, it has been listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. History Pre-2000 Municipal & Gen ...

which used to be part of Prudential until 2019. M&G Real Estate is a

manager in the United Kingdom, Europe and Asia. M&G Real Estate is headquartered in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. M&G Real Estate began its real estate investment activities in 1848, and is today one of the largest real estate investment groups in the United Kingdom. There are over 200 employees; Alex Jeffrey was appointed chief executive in July 2012 and he was replaced by Tony Brown in 2018.

History

*1848: Prudential Mutual Assurance Investment and Loan Association established. *1879: Prudential moved into

Holborn Bars Holborn Bars, also known as the Prudential Assurance Building, is a large red terracotta Victorian building on the north side (138–142) of Holborn in Camden at the boundary of the City of London, England. The block is bounded by Holborn to ...

, a purpose built office complex designed by

Alfred Waterhouse Alfred Waterhouse (19 July 1830 – 22 August 1905) was an English architect, particularly associated with Gothic Revival architecture, although he designed using other architectural styles as well. He is perhaps best known for his designs ...

, now a popular architectural landmark. *1920s / 1930s: Since equities collapsed in the

Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...

, many corporations diversified their holdings by investing heavily in property. During these years, Prudential made major real estate investments. *1982: The Prudential Estates department of

Prudential Assurance Company Prudential plc is a British-domiciled multinational insurance and asset management company headquartered in London and Hong Kong. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual p ...

, a forerunner of M&G Real Estate, became PPM Property *2001: Prudential Portfolio Managers (PPM) was integrated with Prudential's newly acquired fund management arm M&G *2006: Prudential Property Investment Managers was formally rebranded as PRUPIM. *2013: M&G Investments changes the name of PRUPIM to M&G Real Estate

Portfolio

M&G Real Estate owns or co-owns properties including

Manchester Arndale Manchester Arndale is a large shopping centre in Manchester, England. It was constructed in phases between 1972 and 1979, at a cost of £100 million. Manchester Arndale is the largest of the chain of Arndale Centre, Arndale Centres built ac ...

Finsbury Circus Finsbury Circus is a park in the Coleman Street Ward of the City of London, England. The 2 acre park is the largest public open space within the City's boundaries. It is not to be confused with Finsbury Square, just north of the City, or Fins ...

, Westfield Fashion Square,

Westfield Garden State Plaza Garden State Plaza (officially Westfield Garden State Plaza) is a shopping mall located in Paramus, in Bergen County, in the U.S. state of New Jersey. Owned and managed by Paris-based real estate management company Unibail-Rodamco-Westfield, th ...

, Bluewater,

Cribbs Causeway Cribbs Causeway is both a road in South Gloucestershire, England, running north of the city of Bristol, and the adjacent area which is notable for its Out-of-town shopping centres in the United Kingdom, out-of-town shopping and leisure facilitie ...

and Fremlin Walk, Maidstone.

Sustainability

M&G Real Estate has been active in the

sustainability Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...

movement. It achieved full

ISO 14001 The ISO 14000 family is a set of international standards for Natural environment, environment management systems. It was developed in March 1996 by International Organization for Standardization. The goal of these standards is to help organizations ...

accreditation for its entire property portfolio.

References

External links

M&G Real Estate Home Page

Prudential plc on Yahoo! Finance
{{DEFAULTSORT:MandG Real Estate Investment management companies of the United Kingdom Companies based in London 1848 establishments in England