- The institutional investor expands presence in Europe by opening an office in Madrid and appointing Iberian Asset Manager
- M&G Real Estate completes largest single transaction in continental Europe
As part of Redwood Consulting’s retained communications role for M&G Real Estate, we have recently announced several developments in the company’s core European strategy. These include M&G Real Estate opening a new office in Madrid, the appointment of Federico Bros Tejero as Asset Manager of the Iberian Peninsula and the acquisition of an office scheme in central Stockholm, which marks M&G Real Estate’s largest single continental European acquisition.
Federico joins from CBRE Global Investors in Spain where he was Head of Asset management, Retail. Based out of M&G Real Estate’s new office in central Madrid, Federico reports to Mark Reijnen, Head of Asset Management in Continental Europe. He will manage Iberian assets and support the business’ investment ambitions in this key European region.
Federico joins at a time of significant expansion for the global real estate fund manager’s Continental European team, which has seen its footprint and average transaction size grow considerably across several jurisdictions.
On the new office, David Jackson commented: “The opening of our new office in Madrid comes as we continue to focus on the Continental European region by bolstering our investment capability, expanding our presence and team, with new offices and senior appointments.”
In addition to the expansion into south western Europe, M&G Real Estate has acquired an office scheme in central Stockholm for €230m (£196m) from NIAM. The acquisition was made on behalf of the global real estate fund manager’s core European property strategy, managed by David Jackson and Simon Ellis.
The deal marks M&G Real Estate’s largest single continental European acquisition, surpassing the €208 million acquisition of Market Central Da Vinci in Rome, a joint venture with GWM Group, announced last year.
David Jackson, fund manager at M&G Real Estate, says: “This deal in Stockholm’s Central Business District is now our fund’s single largest acquisition to date, again considerably increasing our average transaction size. We continue to raise and deploy significant capital, targeting major European cities where prime assets in core locations benefit from strong rental growth and give our investors long-term income driven returns.”
Both announcements, drafted and issued by the team, secured a range of coverage in key target media. This included investment publications such as IPE Real Estate, Real Estate Investment Times and Property Investor Europe, pan-European titles such as PropertyEU and Europe Real Estate and a wide range of UK property publications such as Property Week and CoStar.