M&G Real Estate on Thursday announced its purchase of a 97 percent stake in a Greater Seoul office building for KRW 264.5 billion ($214.6 million), marking the UK fund manager’s fourth acquisition in South Korea since 2020 on behalf of… Read More>>
M&G Jumps Into Australia Multifamily Residential Market With $337M Deal
M&G Real Estate has expanded its Asia Pacific rental residential investments into Australia with a A$450 million ($336.8 million) commitment to a build-to-core partnership with local developer Novus, marking the UK-based fund manager’s first move in the country’s multifamily sector.
Investors Diversify Japan Multi-Family Acquisitions in Search of Yield: MTD TV
As global capital pours into Japan’s rental residential market, some of the most experienced investors in the country’s build to rent sector are turning to opportunities in second tier cities, Tokyo’s suburbs or in more specialised subsectors, a panel of… Read More>>
China Vanke Sells London Office Building to M&G for $178M
China Vanke has sold its Ryder Court office building in London’s posh West End for £132 million ($178.2 million) to M&G Real Estate, chalking up a modest gain on the disposal after holding the Grade A asset for five and… Read More>>
M&G Picks Australia, Japan and Singapore as Top 2022 Targets
Australia, Japan and Singapore stand out as the top real estate investment locations in Asia Pacific this year considering the bright recovery prospects in these markets, said UK-based asset manager M&G Real Estate, which is focusing on the the logistics,… Read More>>
M&G Pays $91M for 40% Stake in ESR Warehouse Near Nagoya Port
The Asian division of UK-based M&G Real Estate has acquired a 40 percent stake in warehouse specialist ESR’s Yatomi Distribution Centre for JPY 10 billion ($91 million), valuing the property in Japan’s Nagoya area at $227.5 million.
M&G bought the… Read More>>
M&G Real Estate Buys Pair of Osaka Apartment Buildings for $50M
The Asian division of M&G Real Estate has acquired two residential buildings in Osaka as part of the UK-based firm’s core property strategy for the region, becoming the latest fund manager to tap Japan’s hot multi-family market.
M&G paid $50… Read More>>
M&G Pays $217M for Quarter-Stake in ESR’s Biggest Tokyo Warehouse
The Asian division of UK-based M&G Real Estate has acquired a 25 percent stake in warehouse developer ESR’s largest building under operation in the Tokyo area, providing an exit opportunity for investors including Allianz Real Estate, which financed the development… Read More>>
M&G Real Estate Promotes Lai Jing Dong to Asia CIO and Interim CEO
UK-based M&G Real Estate has promoted Lai Jing Dong to chief investment officer and interim CEO for Asia, subject to regulatory approvals.
Reporting to Tony Brown, M&G Real Estate’s global head, Lai will lead M&G’s real estate business and acquisition… Read More>>
Blackstone Closes on $1.1B China Logistics Deal and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, private equity bigfoot Blackstone cinches a sizeable stake in a Guangzhou logistics park, advertising giant Dentsu considers putting up its Tokyo headquarters building for sale, and Frasers Property scraps a Vietnam joint… Read More>>
