06 February 2017
New Jersey
Reporter: Mark Dugdale

PGIM RE invests $12 billion worldwide


PGIM Real Estate completed completed more than $12 billion in transactions worldwide in 2016.

The real estate investment business of PGIM invested more than $12 billion across 220 transactions in 2016.

The spanned the Americas, Europe and Asia Pacific regions, including investments in real estate equity and debt and property dispositions.

The US and Europe accounted for most of the activity. PGIM Real Estate invested more than $8 billion on 120 US transactions, and approximately $2.5 billion through 70 Europe transactions.

More than $400 million was invested in Latin America transactions, primarily in Mexico, while approximately $1 billion went to the Asia Pacific, primarily in Japan, China, South Korea and Malaysia.

A further $700 million was invested in debt strategies, primarily across the UK, Germany and the US.

Eric Adler, CEO of PGIM Real Estate, said: “During a year marked by market volatility and political uncertainty, PGIM Real Estate’s transactions in 2016 reflect our ability to successfully identify cyclical momentum and growth potential in the short term, and invest into longer-term structural trends that offer attractive pricing opportunities around the world.”

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