To access our archived documents go to our press release archive page.
To access our M&G Real Estate archived documents go to our M&G Real Estate press release archive page.
Latest press releases
3 August 2017
M&G Investment refinances £230 millon real estate loan for Northern Trust
10 July 2017
M&G broadens emerging markets range with two fund launches
5 July 2017
M&G Investments provides whole loan financing for Scottish retail park
3 July 2017
Government appoints M&G's Infracapital and Infrastructure Debt Business as Manager of New Digital Infrastructure Fund
26 June 2017
M&G to transfer assets of four funds for non-UK customers to Luxembourg
21 June 2017
68 new homes made available to Grenfell Tower families
31 May 2017
M&G names Phil Cliff as new manager of European Select Fund
25 May 2017
Hightown Housing Association to build 1,200 affordable homes following £45 million financing deal with M&G Investments
22 May 2017
M&G Real Estate makes key office acquisition in Berlin and secures major new tenant in Cologne
5 May 2017
M&G's Infracapital invests a further £60 million in Gigaclear
18 April 2017
M&G Real Estate acquires ground lease for courtyard Marriott hotel in Edinburgh for £23 million
30 March 2017
M&G Real Estate reveals 'Post-article 50' outlook
28 March 2017
M&G Investments refuels Rocket's 10 East Rad with £70 million whole loan
16 March 2017
M&G Real Estate: Positive prospects for Dutch market post-election
6 March 2017
M&G Investments joins Climate Bonds Partners Program
3 March 2017
M&G to launch a new range of Luxembourg funds by March 2019
16 February 2017
M&G Real Estate deploys €205 Million in Germany
6 February 2017
One Housing to build 1,450 homes following £85 million financing deal with M&G investments
31 January 2017
M&G Investments appoints Grant Hadland to Institutional Distribution Team
17 January 2017
M&G Real Estate’s Asia property strategy celebrates 10th anniversary with record number of transactions in 2016
13 January 2017
M&G Real Estate acquires €230 million Stockholm office in off market transaction
12 January 2017
M&G Investments provides £100 million funding to develop hub by Premier Inn in prime central London location
9 January 2017
M&G Real Estate grows presence in Southern Europe with new office and appointment in Madrid
21 December 2016
M&G Real Estate and Telford Homes reunite to provide a further 125 new homes in East London
28 November 2016
M&G Real Estate forecasts strong returns in Continental Europe
21 November 2016
M&G Real Estate bolsters long income team
2 November 2016
M&G Real Estate Asia appoints new acquisitions director
1 November 2016
M&G Real Estate strengthens commitment to South Korea with US$ 141 million retail acquisition
27 October 2016
M&G names Sam Ford as new manager of UK Select Fund
24 October 2016
Greenfields to build 850 new homes for Essex following funding deal
21 October 2016
M&G to resume trading in M&G Property Portfolio
10 October 2016
M&G Investments applies for new Luxembourg-domiciled retail funds
4 October 2016
M&G Real Estate: 'UK property remains attractive post-Brexit'
28 September 2016
M&G Real Estate appoints LIV Group to manage growing residential portfolio
27 September 2016
Cabinet minister re-opens Compass One mall
22 September 2016
M&G Real Estate joins forces with Mulbury for first Northern private rented sector scheme
8 September 2016
M&G Real Estate and GWM Group Form Join Venture
30 August 2016
M&G Real Estate begins construction of 575,000 sq ft logistics park in Coventry
22 August 2016
M&G Real Estate appoints Head of Long Income Real Estate
22 August 2016
Changes to management of Charifund and NAACIF
8 August 2016
M&G Real Estate continues European expansion
2 August 2016
Continuation of temporary suspension of M&G property portfolio
1 August 2016
M&G Real Estate appoints head of asset management and expands continental European team
5 July 2016
M&G suspends trading in M&G Property Portfolio amid Brexit uncertainty
1 July 2016
M&G applies a fair value adjustment on the M&G Property Portfolio
24 June 2016
M&G statement on the result of the EU referendum
13 June 2016
M&G Real Estate forecasts further cross border investments in Asia-Pacific Real Estate over next 12 months
7 June 2016
M&G Property Portfolio moves to cancellation pricing
3 June 2016
M&G Property Portfolio moves to creation pricing
31 May 2016
M&G real estate partners with Telford Homes to provide 150 new homes in East London
22 May 2016
M&G Investments to launch onlne service offering lower fund charges; will stop charging investors for equity research
1 February 2016
Michael McLintock to retire as M&G Chief Executive, to be succeeded by Anne Richards
22 January 2016
M&G sees record year for real estate finance activity in 2015
- £2.2 billion deployed in real estate commercial mortgage loans
- £750 million committed by institutional investors to senior commercial mortgage loans
- Insurers and pension funds seek yield, security and diversification
14 December 2015
M&G boosts resources behind M&G Global Basics Fund with the appointment of Jamie Horvat
- Horvat to work with Somel to identify new and emerging trends supporting the Fund’s thematic evolution
19 November 2015
M&G Real Estate starts construction on 'Number 2, Forbury Place' office scheme in Reading
- Construction starts on 186,000 sq ft speculative office scheme
- Latest milestone in M&G Real Estate’s commitment to Reading
- Confirmation of space let in ‘Number 3, Forbury Place’
17 November 2015
Crest Nicholson teams up again with M&G Real Estate to deliver the UK's first purpose-designed suburban private rented sector homes
- 227 new private rented sector homes created as part of wider regeneration scheme in Crawley
- New deal marks the next phase of the first agreement of its kind between an institutional investor and listed housebuilder
16 November 2015
M&G Real Estate welcomes Olivier Vellay as Head of Continental Investment
- Appointment marks the start of renewed expansion in Europe
12 November 2015
M&G Real Estate: Eurozone economic growth to hit four-year high
- 9 consecutive quarters of economic expansion
- 3% per annum rental growth forecast for retail shops and shopping centres over 3 years
- Predicted 8-year high for European real estate investment volumes
4 November 2015
M&G Investments energises UK solar sector with £250 million investment
- Largest long term institutional investment into the sector, powering over 30,000 homes
3 November 2015
M&G's Lynn Gilbert to lead senior real estate debt strategy
M&G’s Lynn Gilbert is to head its senior real estate debt strategies, following Paul Dittmann’s departure.
2 November 2015
M&G's Real Estate bolsters industrial team
M&G Real Estate has appointed Stephen Hibbert and Matthew Ellis to its industrial and logistics team. Stephen and Matthew will report to Paul Crosbie, Head of Logistics and Industrials who joined in September this year.
27 October 2015
M&G Investments strengthens Asia team with new appointments in Hong Kong and Singapore
M&G Investments (“M&G”), an international active asset manager, today announces the appointments of Anthony Yeung as Associate Director and Sophia Shi as Relationship Manager to strengthen its intermediary team in Asia Pacific. Anthony, based in Hong Kong, and Sophia, based in Singapore, will report to Ben Cherrington, Director of Intermediary Channels, Asia Pacific.
5 October 2015
M&G raises €1.5 billion from pension funds for ABS strategy
- European institutional investors diversifying for security and yield.
22 September 2015
Andrew Hendry to step down as Managing Director of M&G Investments' Asia business
- Follows successful completion of first phase of expansion in the region.
14 September 2015
M&G completes 2,350 new student rooms for the start of the academic year as part of £380 million investment programme
- New buildings take M&G’s student accommodation portfolio to more than 6,000 units.
8 September 2015
M&G Real Estate welcomes Paul Crosbie as head of industrials team
M&G Real Estate has appointed Paul Crosbie to lead its Logistics and Industrials team. He joined on 7 September and reports to Chris Perkins, Head of Business Space.
12 August 2015
M&G Real Estate makes first retail acquisition in South Korea
- Single largest acquisition worth US$230 million diversifies Asia property strategy
- Builds on M&G Real Estate’s successful track record of investing in South Korea
3 August 2015
M&G Real Estate signs Poundworld at Washington Galleries in major letting campaign
- Poundland to open 8,250 sq ft mini anchor store
3 August 2015
400 new homes following £30 million funding deal
- Acis Group in funding deal with M&G Investments
27 July 2015
M&G Real Estate invests in €175 million office scheme in central Madrid
- Latest acquisition brings core European strategy to over €1 billion
- Acquisitions since March total circa €360 million
22 July 2015
M&G Real Estate announces £36 million industrial forward funding deal
New stock development committed as 166,000 sq ft of new industrial lettings take M&G Property Portfolio industrial vacancy to zero.
16 July 2015
M&G Real Estate agrees the largest leasing transaction in Central London this year
- High value lease secured for 275,000 sq ft of prime office space
- Crossrail changes London dynamics as city fringe becomes more accessible
6 July 2015
Staffordshire Housing Association in £22m funding deal with M&G Investments
Staffordshire Housing Association (“Staffordshire Housing”), a significant provider of social housing in Staffordshire and support services in Staffordshire and Cheshire, has borrowed £22 million in a long term financing deal from M&G Investments (“M&G”), a leading international investment manager.
29 June 2015
M&G Investments appoints Jeik Sohn as Investment Specialist
M&G Investments (“M&G”), an international active asset manager, has appointed Jeik Sohn as Investment Specialist to strengthen the investment proposition offered to M&G’s clients in Asia.
12 May 2015
M&G Real Estate makes £167 million Thames Valley office acquisition
- £167m acquisition demonstrates investor pull towards Western Corridor and strength of South East offices.
1 May 2015
M&G Real Estate joins forces with Crest Nicholson to provide new private rented sector homes in Bath
- Investor-house builder agreement first of its kind that will create significant build-to-rent developments across the UK, speeding up delivery of housing stock to market.
- Emphasis on quality and creation of mixed tenure sustainable communities.
27 April 2015
M&G Real Estate: Tide of money from quantitative easing expected to significantly boost flows into European Real Estate
- QE to support European real estate prices mirroring US, UK and Japan experience.
- Cheaper currency expected to be a major boost for export oriented economies such as Germany.
7 April 2015
M&G Real Estate appoints Kerry Williams as Retail Investment Director
- M&G Real Estate today announces the appointment of Kerry Williams, who joins the business as Retail Investment Director, reporting to John Duxbury, Head of Retail.
1 April 2015
M&G Real Estate makes next move into UK big six offices market with £72.6 million purchase in Glasgow
- Shortage of Grade A stock in the UK’s Big Six drives rental growth, attracting institutional investors looking for long-term returns.
31 March 2015
M&G Real Estate continues to gather European assets with €33 million prime retail acquisition in Denmark
- Dominant Copenhagen high street purchase with pre-let asset.
17 March 2015
M&G Real Estate invests in prime Italian high street retail
- First acquisition in Italy in 10 years.
- Prime pitch on one of Milan’s best retailing streets, pre-let to major Italian fashion retailer.
9 March 2015
M&G Real Estate appoints Martin Towns as Head of Capital Solutions
- New role in response to increasing trend in global real estate for large international investors and sovereign wealth funds to partner with Fund Managers.
4 March 2015
M&G Real Estate to fund the London Fruit & Wool Exchange development
- 320,000 sq ft of prime, mixed use space to be redeveloped near Liverpool Street Station.
3 February 2015
600 new homes for South Wales after £50 million of funding secured
- United Welsh in private placement deal with M&G Investments.
28 January 2015
M&G Investment appoints Head of Infrastructure Finance
M&G Investments, the international investment manager, has appointed John Mayhew as Head of Infrastructure Finance within its Institutional Fixed Income business.
23 January 2015
M&G Real Estate commits to fund 480,800 sq ft of regional logistics development in the midlands
M&G Real Estate is to fund the construction of 480,800 sq ft of new warehouses at Wilson Bowden’s Optimus Park, Leicestershire. This is the first logistics deal of 2015 for M&G Real Estate, an indicator of the leading global fund manager’s intentions for the year ahead.
22 January 2015
M&G Real Estate to fund 780,000 sq ft prime distribution development in the golden triangle
M&G Real Estate is to fund the construction of a 777,929 sq ft distribution warehouse at Birch Coppice Business Park, Tamworth, from IM Properties Development Ltd. The total commitment is £81 million, representing a net initial yield of 5.14%. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Deputy Fund Manager, Justin Upton of M&G Real Estate.
14 January 2015
M&G Real Estate to fund the development of social and affordable housing in Wales
M&G Real Estate is providing £19 million for the development of 189 residential homes for Porthcwlis, a development company owned by Welsh housing association, RCT Homes. Two sites in Cardiff will provide 152 homes and the remainder will be in Brynawelon, Cwmbach.
13 January 2015
First acquisition of 2015 follows M&G Real Estate's £4 billion of transactions in 2014
M&G Real Estate confirms the purchase of 3 Hardman Square, Spinningfields, Manchester for £91.7 million, from Credit Suisse Asset Management, reflecting a net initial yield of 5.8%.
7 January 2015
M&G Investments energises solar industry with £60m investment
- Innovative direct financing from institutional investors into the solar sector
29 December 2014
M&G Real Estate concludes 2014 with circa £4 billion of global transactions
- £7.3 billion transacted over last 2 years
- £3.2 billion of acquisitions in 2014 with an average deal size of circa £50 million
- Around 6.5 million sq ft of lettings in UK, Europe and Asia
- 3.3 million sq ft in development
22 December 2014
M&G Investments acquires £173.4 million Gala bingo portfolio
M&G Investments (“M&G”), the international investment manager, has completed a sale and lease back deal with Gala Leisure Limited (“Gala”) on a portfolio of 47 bingo clubs for £173.4 million, representing a net initial yield of 8.46%. A further five properties are due to complete shortly. The portfolio is let to Gala, the UK’s largest bingo operator, for 25 years on a full repairing and insuring basis at an initial rent of £15.52 million with annual reviews linked to inflation.
15 December 2014
M&G funds £4.9 billion of private financing deals in 2014
- Pension funds investing for income and security bridging the gap in UK corporate financing
12 December 2014
M&G Real Estate expands retail team with eight new recruits
M&G Real Estate has appointed eight new members of staff, bolstering its retail team in response to recent acquisitions and increased asset management and development activities.
10 December 2014
M&G Real Estate makes final South East office play of 2014 with purchase of Guildford based office park
M&G Real Estate has purchased London Square Office Park, Guildford, from IM Properties Ltd for in excess of £43 million.
25 November 2014
M&G Real Estate continues to invest in Reading
- £94.5m acquisition adds to growing portfolio in Reading City Centre
- Acquisition made in the same week as a 100,000 sq ft letting on Acre Road
24 November 2014
Christian Action Housing borrows £50m from M&G Investments
- North London housing association increases capacity to develop 260 new homes
24 November 2014
M&G Real Estate acquires £110 million South East shopping centre
M&G Real Estate announces today the acquisition of Fremlin Walk in Maidstone for £110 million from Legal & General Property, reflecting a net initial yield of six per cent.
10 November 2014
M&G Real Estate welcomes PayStream to refurbished office scheme in Altrincham
M&G Real Estate has signed a letting agreement with taxation and accountancy services provider, PayStream, at its Hamilton House office scheme in Altrincham town centre. The deal follows recent lettings to Heywood Software and a lease renewal with existing tenant Hitachi Data Systems.
5 November 2014
M&G Real Estate to provide development funding for central Leeds office scheme
- Expected development value of £96 million
- Deal currently represents the largest ever speculative funding in Leeds
4 November 2014
610 new homes on the cards after £25m funding secured
- Suffolk Housing in private placement deal with M&G Investments
4 November 2014
Ocean Housing borrows £50m from M&G Investments
- Cornish housing association in private placement deal
28 October 2014
European logistics: Rental growth recovery expected over next 18 months after five years of decline
- Industrial sector offering higher yield spreads than retail and offices
- Northern Europe leads Southern Europe for occupier take up
17 October 2014
M&G Investments and Priory Group complete £223 million hospital sale and lease back deal
Leading investment manager M&G Investments (“M&G”) and Priory Group (“The Priory”), the UK’s leading independent provider of specialist care, have agreed a sale and leaseback deal on six sites, to the value of £223 million.
15 October 2014
M&G Real Estate agrees major warehouse letting
- Largest industrial letting of the year for Southern M25 market
13 October 2014
M&G Real Estate boosts Asia property portfolio with acquisitions in Japan
M&G Real Estate has acquired 12 residential properties and an office building in Japan as part of its strategy to improve long-term income and add diversification to its core Asia real estate portfolio.
6 October 2014
UK commercial property: Good chance of posting best returns in 25 years according to M&G Real Estate
- Industrials and offices to lead the charge powered by improving rents and strong investor interest
29 September 2014
M&G Real Estate acquires Grade A office development in Reading for £33 million
- Reading City Centre office development offers attractive risk adjusted returns
23 September 2014
M&G Investments provides £30 million of debt finance as part of a broader refinancing of Holidaybreak
- M&G joins syndicate as the only non-bank lender
15 September 2014
M&G Real Estate appoints Lucy Williams to lead capital raising activity in UK and Europe
M&G Real Estate today announces the appointment of Lucy Williams, who joins the business as Director, Institutional Business, UK & Europe. She reports to Christopher Andrews, Head of Client Relations and Marketing.
11 September 2014
M&G Real Estate strengthens Japan asset management capability with appointment of senior asset manager
M&G Real Estate has appointed Itsusaburo Hirayama as Senior Asset Manager, Japan, in a newly created role. The appointment reflects the firm’s on-going commitment to extract superior investment performance from its Japanese properties and further diversify its Japanese real estate portfolio.
8 September 2014
M&G Real Estate acquires Two Snowhill in off-market transaction
- High specification, landmark Birmingham office building changes hands
3 September 2014
M&G Investments provides £25 million of development finance for student accommodation at the University of St Andrews
- Deal enables construction of 324 bed student residence
- M&G to receive 40-year inflation-linked income stream
1 September 2014
M&G Real Estate strengthens residential investment with new recruit
M&G Real Estate is delighted to announce the appointment of Steven Hollands, who joins the business as Residential Investment Manager.
28 August 2014
M&G Real Estate spends £22 million in leading industrial location in London
M&G Real Estate today announces the £22.625 million acquisition of a 106,910 sq ft distribution warehouse in Park Royal, London, representing a net initial yield of 5.25%. The property was purchased from Standard Life Investments
28 August 2014
New M&G fixed income fund offers retail investors a fund for the next phase of the interest rate cycle
- Innovative use of high yield floating rate notes
27 August 2014
M&G Real Estate purchases Aldgate office
- August acquisitions for M&G Property Portfolio total close to £200 million
18 August 2014
M&G Real Estate's Apex Plaza fully let as CommValut and Aldermore snap up last remaining space
M&G Real Estate has let a further 14,769 sq ft of office space at its Apex Plaza office complex in central Reading. The scheme is now fully let after existing tenants CommVault and Aldermore Bank took 7,619 sq ft and 7,150 sq ft respectively.
12 August 2014
M&G Real Estate welcomes Selco to Orchard Business Centre in Surrey
M&G Real Estate has let Unit 1 Orchard Business Centre in Salfords, Redhill to Selco Builders Warehouse. The industrial estate is held as part of M&G Real Estate’s UK commercial property strategy for institutional investors, managed by Dermot Kiernan and Matthew Peake.
11 August 2014
M&G Real Estate goes shopping in south Wales for £156 million retail park
M&G Real Estate today announces the acquisition of Parc Trostre, Llanelli for £156 million, reflecting a net initial yield of 5.07%. This off market transaction was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton, and sees M&G Real Estate purchase from Developer Stadium, owner since the park was developed in 1988.
5 August 2014
Gillian Tiltman resigns as manager of the M&G Global Real Estate Securities Fund
- Future of the Fund under review
- Richard O’Connor becomes new manager with immediate effect
4 August 2014
One Vision Housing borrows £40 million from M&G investments
- Merseyside housing association in private placement deal
24 July 2014
M&G Real Estate: Japan, land of the rising resi returns – yet still uncharted waters for foreign investors
Japan’s residential sector is now offering high income-driven returns as its economy recovers, yet the sector remains uncharted waters for foreign institutional investors, according to the latest research published today by M&G Real Estate.
16 July 2014
M&G Investments provides £238 million financing package to Northern Trust
M&G Investments (“M&G”), a leading international investment manager, has completed a deal to provide £238 million of financing for Northern Trust Group, the property investment, development and land regeneration company.
16 July 2014
M&G Investments provides development finance to the tune of £36.9 million for Royal College of Music student accommodation
- Deal enables construction of 417 bed student residence
- M&G to receive 45-year inflation-linked income stream
9 July 2014
M&G Real Estate signs 10-year lease with Manpower in Leeds
M&G Real Estate welcomes recruitment firm Manpower to its Toronto Square office building in the heart of Leeds city centre’s business district. Manpower has signed a 10-year lease for 2,041 sq ft on the first floor of the building.
7 July 2014
M&G Real Estate announces its first private rented sector forward funding deal with HUB
M&G Real Estate today confirms the development of 152 new private rental homes in Acton, West London, in partnership with mid-market specialist developer, HUB.
1 July 2014
M&G Real Estate: Asia Pacific offices on the up
Asia Pacific’s Grade B office assets have spurred institutional investors’ appetite, according to the latest research published today by leading global real estate fund manager M&G Real Estate. The report found that investors are focused on the market on account of the secondary asset group’s higher income yields and improving rental prospects.
30 June 2014
M&G Real Estate acquires £46 million business park in Thames Valley
M&G Real Estate today announces the acquisition of Quantum Business Park in Maidenhead for £46.7 million, representing a net initial yield of 6.7%. This off market transaction was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and deputy manager, Justin Upton of M&G Real Estate.
30 June 2014
M&G Real Estate to provide £80 million development funding for major office scheme at Quartermile in heart of Edinburgh
M&G Real Estate today confirms it is to provide £80 million of development finance for the Edinburgh city centre landmark development, Quartermile, owned by Moorfield Real Estate Fund III (MREFIII). The deal enables Moorfield Group and Quartermile to speculatively develop the remaining two offices in the development, Quartermile 3 and Quartermile 4. It is believed to be one of the largest speculative office funding deals to have ever been undertaken in Scotland.
27 June 2014
M&G Real Estate acquires 500,000 sq ft of landmark Manchester office space
M&G Real Estate has exchanged contracts with EY on 500,000 sq ft of prime Manchester office space for a valuation in excess of £306 million. The purchase of 1 Spinningfields Square was made on behalf of an internal client fund of M&G Real Estate – 1 Hardman Boulevard, was purchased on behalf of a third party client of M&G Investments.
9 June 2014
M&G Real Estate diversifies core Asia property portfolio with US$200 million of acquisitions
M&G Real Estate has acquired two properties in Japan and one in Australia as it looks to build long term sustainable income and further diversify its core Asia real estate portfolio. The three properties have a combined market value of over US$200 million.
3 June 2014
M&G Real Estate secures 162,000 sq ft letting in Flintshire
M&G Real Estate has agreed terms on a 162,116 sq ft warehouse and distribution unit in Deeside, Flintshire. The agreement is the largest industrial deal so far this year in the North West.
2 June 2014
M&G Real Estate purchases warehouse in UK distribution Heartland for £32 million
M&G Real Estate today announces the acquisition of Indesit’s distribution warehouse in Raunds, Northamptonshire for £32.5 million, representing a net initial yield of 6.36% and a guaranteed reversionary yield of 7.19% in January 2016. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton of M&G Real Estate.
28 May 2014
M&G Real Estate signs up three new tenants at French business park in south-western suburbs of Paris
M&G Real Estate today confirms the completion of three new leasing agreements totalling 6,700 sq m of office space at its French business park development, Le Val Saint Quentin – Voisin le Bretonneux (78) in the Ile-de-France region.
27 May 2014
Pension fund appetite for long-income real estate assets continues to grow, says M&G
In an uncertain world, pension funds continue to hunt in the real estate market for attractive long term cash flows and protection against inflation, says Ben Jones, manager of the M&G Secured Property Income Fund at M&G Investments.
20 May 2014
M&G Real Estate wecomes Mott MacDonald to Renaissance in Croydon
M&G Real Estate today confirms that global management and development agency Mott MacDonald, have taken the 20,997 sq ft fourth floor at its Renaissance office development in Croydon on a lease until 2024.
20 May 2014
M&G confirms plans for new City headquarters at 10 Fenchurch Avenue
M&G Investments, the leading investment manager, today confirms plans to relocate to new London headquarters to be developed at 10 Fenchurch Avenue, EC3.
19 May 2014
William Olsen appointed Global Growth FM
M&G Investments (“M&G”) today announces that John William Olsen will take responsibility for the M&G Global Growth Fund and the M&G Pan European Fund with effect from 1st July, pending regulatory approval for him to manage the funds.
9 April 2014
In an uncertain world might floating rate assets be a pension fund's best friend? Ask M&G's Lloyd
The UK’s economic recovery may be looking healthier by the day, says David Lloyd, head of institutional portfolio management at M&G Investments, but many uncertainties remain. The best thing that pension funds could do in fixed income right now is re-evaluate their allocations to high yield and look for cheap floating rate assets.
7 April 2014
M&G sweeps supermarket out of portfolio
M&G Investments, a leading international investment manager, has sold the Sainsbury’s supermarket store in Worcester to the BP Pension Scheme, for £27.25m, representing a net initial yield of 4.18%. The lease had 21.7 years remaining with annual RPI increases collared at 0-4%.
3 April 2014
Edinburgh housing association Link Group borrows £45 million in private placement deal with M&G Investments
Link Group Ltd, the Edinburgh based housing association, and M&G Investments, a leading international investment manager, have struck a deal that provides the former with £45 million of long-term institutional financing.
24 March 2014
UK residential property draws increasing Dutch interest - M&G
Dutch institutional investors are showing increasing interest in UK residential housing, with the UK private rented sector (PRS) set to continue outperforming European counterparts, says Stefan Cornelissen of leading European fund manager M&G Investments.
11 March 2014
M&G Investments raises £1.35 billion for junior commercial mortgage funds
M&G Investments has completed the fundraising for its two new junior commercial mortgage funds, reaching £1.35 billion of capital commitments from over 40 institutional investors from Europe and the US.
6 March 2014
M&G Real Estate's Alex Greaves: Latest data on UK real estate a strong endorsement for investment into private rented sector
For Alex Greaves, residential fund manager at M&G Real Estate, the recent news that the size of the UK private rented sector has outgrown the social rented housing sector for the first time is a further justification of why the residential sector is such a viable space to invest in for institutional investors.
24 February 2014
M&G Investments acquires a health club real estate portfolio in £92 million Bannatyne refinancing
M&G Investments, the leading investment manager, has reached a £92 million deal with The Bannatyne Group involving the sale and lease back of the ground leases of 39 Bannatyne’s Health Clubs.
4 February 2014
M&G Investments hires global equities fund manager from Danske Capital
M&G Investments, a leading international asset manager, has appointed John William Olsen to its equities fund management team.
3 February 2014
Fund manager changes within M&G's retail fixed interest team
M&G Investments today announces changes to the management of three of its retail fixed interest funds with immediate effect.
20 January 2014
M&G Real Estate bolsters senior management team with appointment of Tony Brown as Chief Investment Officer
M&G Real Estate today announces the appointment of Tony Brown as Chief Investment Officer and member of the M&G Real Estate board. He joined on Monday 13 January and reports directly to Alex Jeffrey, Chief Executive of M&G Real Estate.
15 January 2014
M&G Real Estate celebrates 150 year anniversary in property investment with record deal volume
M&G Real Estate has marked the start of its 150th anniversary by announcing that it has completed or committed to £3.5 billion worth of deals in the past 12 months. This total includes over £2.5 billion of acquisitions, across 123 individual assets mainly in UK commercial real estate, but increasingly in UK residential and international property.
13 January 2014
M&G Real Estate acquires landmark bankside development for £122 million
M&G Real Estate today confirms the acquisition of the freehold interest of Riverside House on the Southbank of the Thames for £122 million, equating to a net initial yield of 5.74%. The transaction is made on behalf of the M&G Property Portfolio, which is managed by Fiona Rowley and Justin Upton of M&G Real Estate.
12 January 2014
M&G Investments lends £20 million to South West Brewer Hall & Woodhouse
M&G Investments has provided a £20 million ten year loan to Hall & Woodhouse, an independent regional brewer and owner of over 200 public houses, as part of its continuing programme to provide long-term financing to established and ambitious mid-sized UK companies.
10 January 2014
M&G Real Estate submits plans for Lumina development in Birmingham
M&G Real Estate today announces the proposals for the development of a 240,000 sq ft Grade A office building in Birmingham’s city core have been submitted for planning. The proposals for “Lumina” have been submitted by Sterling Property Ventures on behalf of M&G Real Estate.
9 January 2014
M&G Real Estate partners with Aberdeen Asset Management to create £210 million client fund structure
M&G Real Estate has formed a joint venture with Aberdeen Asset Management to create a new fund structure, known as The Two Rivers Limited Partnership, with a value in excess of £210 million.
8 January 2014
M&G Real Estate leases Hollywood House following major refurbishment
M&G Real Estate today announces the letting of the final floor at Hollywood House, Woking, to FE, a leader in the provision of investment data, software tools and performance analysis to the financial services industry. FE takes just under 9,000 sq ft on the third floor at a rent of £23.50 per sq ft.
7 January 2014
M&G Investments provides £30 million of debt finance as part of a broader refinancing of Caffè Nero
M&G Investments has continued its programme of providing long term finance to UK mid-sized firms with £30 million of new debt finance for Caffè Nero, Europe’s largest independent coffee shop group.
16 December 2013
M&G Real Estate looks to diversify core Asia Property Portfolio with Japanese acquisition
As part of its strategy to improve diversification and provide consistent, long-term income in its core Asia real estate portfolio, M&G Real Estate has acquired Merado Daikai, a retail property in an established urban residential neighbourhood of central Kobe, Japan.
12 December 2013
M&G Real Estate's Fiona Rowley: Why I'm positive on outlook for UK commercial property in 2014
According to Fiona Rowley, manager of the M&G Property Portfolio, the outlook for UK commercial property in 2014 continues to improve, driven principally by the strengthening UK economy.
5 December 2013
M&G Real Estate appoints Hyesik Ryu as Korea lead
M&G Real Estate announced today the appointment of Hyesik Ryu as Managing Director to lead its business in South Korea. This is a newly created role and the real estate fund management arm of M&G Investments says that the appointment reflects the strategic internationalisation of its business and commitment to diversifying its portfolio of Asian real estate assets.
4 December 2013
M&G Real Estate announces £140 million off market inudstrial acquisition from Europa Capital / M7 Real Estate joint ventures
M&G Real Estate today announces the acquisition of two portfolios comprising 46 high yielding multi-let light industrial estates from Europa Capital/M7 Real Estate Joint Ventures for £140 million.
2 December 2013
James Tomlins appointed co-manager of the M&G High Yield Corporate Bond Fund
M&G Investments today announces that James Tomlins has been appointed co-manager of the £1.3 billion* M&G High Yield Corporate Bond Fund with immediate effect, alongside Stefan Isaacs.
2 December 2013
Claudia Calich appointed Manager of the M&G Emerging Markets Bond Fund
M&G Investments (M&G) today announces that Claudia Calich has been appointed manager of the M&G Emerging Markets Bond Fund with immediate effect, formerly managed by Mike Riddell. Matthew Russell will remain on the Fund as deputy fund manager.
2 December 2013
M&G Real Estate aquires German Hypermarket
M&G Real Estate today confirms the acquisition of a ‘Real’ Hypermarket, a retail investment located in an established mixed commercial area of Wuppertal, North Rhine-Westphalia, Germany for €17.2 million.
18 November 2013
Graham French passes Global Basics Fund to deputy manager as he retires
M&G Investments announces that fund veteran Graham French is retiring from day-to-day fund management.
11 November 2013
M&G Investments to extend sponsorship of RHS Chelsea until 2017
M&G Investments, a leading international investment management company, has agreed with the Royal Horticultural Society (RHS) to renew its exclusive sponsorship of the RHS Chelsea Flower Show for a further three years.
11 November 2013
Award-winning garden designer Cleve West brings a contemporary paradise garden for M&G Iinvestments to the 2014 RHS Chelsea Flower Show
M&G Investments, the title sponsor of the RHS Chelsea Flower Show and a leading international investment management company, has commissioned award-winning landscape designer Cleve West to create a contemporary paradise garden.
24 October 2013
M&G Investments appoints David Parsons as investment specialist
M&G Investments, the leading investment manager, has appointed David Parsons as investment specialist within its institutional public debt business.
23 October 2013
M&G Investments acquires British car auctions sites in £240 million deal
M&G Investments, the leading investment manager, has acquired 18 car auction sites across the UK, on a freehold basis* for £240 million from funds advised by Montagu Private Equity LLP.
18 October 2013
M&G Real Estate acquires £48 million distribution warehouse
M&G Real Estate today confirms the acquisition of a distribution warehouse in Belvedere, Kent for £48.4 million reflecting a yield of 5.85%. The property was purchased on behalf of the M&G Property Portfolio.
18 October 2013
M&G Investments to provide £113m of development finance for Scottish Power's headquarters in Glasgow
M&G Investments, the leading investment manager, has struck a deal with Scottish Power to fund the construction of the firm’s new headquarters in Glasgow, Scotland.
14 October 2013
M&G Real Estate and SWIP agree £53 million asset swap
M&G Real Estate and Scottish Widows Investment Partnership (SWIP) today confirm the completion of a £53 million off market asset swap between the M&G Property Portfolio and St Andrews Life Assurance plc.
8 October 2013
M&G Real Estate makes £315 million investment in Bankside
M&G Real Estate today announces the acquisition of Bankside 2 & 3, SEI and the retail holdings of Bankside 1, for £315 million from Land Securities Group Plc., representing an initial yield of 5.2%.
7 October 2013
M&G Investments acquires student accommodation in Bournemouth
M&G Investments, the leading investment manager, has acquired three prime student accommodation blocks in Bournemouth on a freehold basis for £38.05 million from Spectrum Housing Group.
4 October 2013
M&G Real Estate to develop central Reading office scheme
M&G Real Estate today confirms that the development of No.1 Forbury Place, a 185,000 sq ft office headquarters in Reading town centre, is to begin imminently.
3 October 2013
M&G hires experienced emerging markets debt fund manager from Invesco
M&G Investments, one of the UK’s leading investment managers, has appointed Claudia Calich to its award winning Retail Fixed Interest team.
30 September 2013
M&G YouGov Inflation Expectations Survey reveals concerns over persistently high inflation
Consumers in the UK, Austria and Germany have reported an increase in one-year inflation expectations compared with the results of the last quarterly M&G YouGov Inflation Expectations Survey. Overall, consumer inflation expectations remain above central bank targets in most countries.
30 September 2013
M&G Real Estate snaps up distribution units in Barking and Milton Keynes
M&G Real Estate today announces the acquisition of two distribution units totalling over £17m. The purchases were made on behalf of M&G Real Estate’s UK property strategy for domestic and international institutional investors, managed by Dermot Kiernan.
30 September 2013
M&G Investments provides £153m to Welsh housing associations
M&G Investments is to provide loans worth £153m to 17 Welsh housing associations. This is part of a new housing finance scheme, supported by the Welsh Government that enables housing associations to build around 1,000 new social and affordable homes across Wales.
25 September 2013
Put away the tapering crystal balls, urge institutional bond fund managers at M&G investments
Many investment opportunities in the corporate bond market went unnoticed in the market noise leading up to and following the Federal Reserve’s decision to not taper say institutional bond fund managers at M&G Investments.
11 September 2013
Telstra deal improves quality of M&G Asia Property Portfolio
M&G Real Estate has improved the long-term income stream and further reduced risk in its core Asia real estate strategy by agreeing a new lease on a property it co-owns in Sydney, Australia. The deal provides annual income growth of 4% from 2014.
5 September 2013
M&G Real Estate agree £198 million retail property asset swap with BP Pension Fund
M&G Real Estate today confirms it has completed on a £198 million off-market retail asset swap with BP Pension Fund on behalf of the M&G Property Portfolio.
2 September 2013
M&G Investments launches Global Corporate Bond Fund for retail market
M&G Investments is launching a global corporate bond fund to meet rising demand from retail clients for diversification outside of UK and European investment grade corporate bond markets.
20 August 2013
M&G Property Portfolio acquires central Leeds office for £29 Million
The M&G Property Portfolio today announces the acquisition of Toronto Square, a grade A office development in Leeds for £29 million from Highcross. The 88,200 sq ft property in central Leeds was developed in 2010 and is multi-let to fourteen tenants. The high-quality scheme benefits from BREEAM rating of Excellent.
15 August 2013
M&G Investments adds two to direct lending team
M&G Investments, one of the UK’s leading institutional investors, has added two direct lending specialists to its corporate lending team, as it continues to provide non-bank finance to UK mid-sized firms from the M&G UK Companies Financing Fund 2.
15 July 2013
M&G Real Estate acquires The Gracechurch Centre, Sutton Coldfield, for £88.0 Million
M&G Real Estate today confirms the acquisition of The Gracechurch Centre, Sutton Coldfield, from The Mall Fund for £88.0 million, representing an initial yield of 7.75%.
13 July 2013
Further statement on Gulf Keystone Petroleum on behalf of M&G Recovery Fund
Despite attempting to find common ground in our discussion with GKP yesterday, it is clear from its statement of 13 July 2013 that there are still substantive points of difference.
Jeremy Asher CV
John Bell CV
Philip Dimmock CV
Thomas Shull CV
7 July 2013
Statement on Gulf Keystone Petroleum on behalf of M&G Recovery Fund
The M&G Recovery Fund owns 5.1% of the shares of Gulf Keystone Petroleum Limited (“GKP”) and wishes to highlight to other shareholders its continuing concerns regarding the standards of corporate governance at the company. The separation of the roles of Chairman and Chief Executive is a step in the right direction but there remains much room for improvement.
1 July 2013
Fund Manager changes at M&G Investments
M&G Investments today announces two changes to fund manager roles in its UK mutual fund business with immediate effect.
28 June 2013
M&G Investments finances private and social residential development
M&G Investments, the leading investment manager, has struck a deal with developer be:here, a subsidiary of Willmott Dixon, and housing association Poplar HARCA, to fund the development of 233 residential units at Aberfeldy New Village, East London. The development will provide a mixture of social, affordable and private rental units.
27 June 2013
Launch of M&G YouGov Inflation Expectations Survey
Consumers lack confidence in central banks’ ability to keep inflation under the inflation target in the short and medium term, according to the new, quarterly M&G YouGov Inflation Expectations Survey. The survey polls the views of consumers from the UK, Austria, France, Germany, Hong Kong, Italy, Singapore, Spain and Switzerland and is the first survey of its kind reviewing a broad range of people’s inflation expectations in Europe and Asia.
21 February 2013
Prupim acquires Qantas Airways' UK headquarters in Hammersmith
PRUPIM, the real estate investment management arm of M&G Investments, today announces the acquisition of 401 King Street in Hammersmith, West London from Henderson Global Investors for £9 million, reflecting a net yield of 7.32%. The property was purchased on behalf of the M&G Pooled Pensions UK Property Fund, managed by Dermot Kiernan of PRUPIM.
5 February 2013
Prupim acquires Waverleygate in Edinburgh
PRUPIM, the real estate investment management arm of M&G Investments, today announces the acquisition of Waverleygate in Edinburgh from Highcross for £46 million, reflecting a net yield of 7.3%. The property was acquired on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton of PRUPIM.
28 January 2013
M&G sells West End property following redevelopment
The M&G Property Portfolio today announces the sale of the recently redeveloped 1-5 Poland Street, London W1. The building was purchased through a competitive bidding process realising £30.4m and reflecting a net initial yield of 4.84%. The Fund is managed by Fiona Rowley and Justin Upton of PRUPIM, the real estate investment management arm of M&G Investments.
9 January 2013
M&G Investments acquires landmark residential development on edge of Olympic Park for £125 million
M&G Investments, the leading investment manager, has struck an agreement to acquire a portfolio of 401 market rented units at Stratford Halo, a 43-floor residential development at the main entrance to the Olympic Park in East London.
18 December 2012
M&G European Property Fund looks to Sweden for its latest acquisition
The M&G European Property Fund confirms the SEK 224 million (€25.6 million) acquisition of a logistics facility from NCC Property Development at the Port of Gothenburg in Sweden. The Fund is managed by David Jackson and Rob Tidy of PRUPIM, the real estate fund management arm of M&G.
18 December 2012
Asset-backed securities beat corporate and government bonds in 2012
Over 2012 to date, the performance of a basket of European asset-backed securities (ABS) has beaten that of European investment grade or European government bonds.
17 December 2012
M&G Property Portfolio continues acquisitive streak with purchase of Chiswick Green
The M&G Property Portfolio has acquired a commercial property development in Chiswick Green, West London from BAM Properties for £47.7 million at a yield of approximately 6.30%.
12 December 2012
M&G European Property Fund confirms leasing deal in Holland
The M&G European Property Fund confirms it has leased a total of 22, 064 m² to Apollo Vredestein bv, a subsidiary of Apollo Tyres, at a logistics complex in Enschede, Holland.
11 December 2012
M&G Property Portfolio confirms significant acquisition
The M&G Property Portfolio has purchased the freehold of Heritage House, a modern distribution warehouse unit located on Southbury Road, Greater London for £22.1m, which reflects a net initial yield of 6.95%. The Fund is managed by Fiona Rowley and Justin Upton of PRUPIM, the real estate fund management arm of M&G Investments.
10 December 2012
M&G Property Portfolio commits £22.05m to Telford Leisure Complex
The M&G Property Portfolio is to fund a leisure development at Southwater Square, Telford with a total commitment of £22.05m. This equates to a net initial yield of 6.5% on the hotel and cinema elements of the scheme and 7% on the restaurants.
5 December 2012
M&G Investments comments on winning the UK government’s business finance partnership mandate
M&G Investments is pleased to have been chosen by HM Treasury to manage £200m of the first tranche of the Business Finance Partnership, an important Government initiative to stimulate lending to UK companies.