M&G Real Estate (formerly known as PRUPIM) is a global real estate investment manager, providing integrated services for fund management, asset management and property management. M&G Real Estate, part of M&G Investments, is the real estate investment arm of Prudential plc in the UK and Europe. M&G Real Estate is headquartered in the United Kingdom. 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.

Portfolio

M&G Real Estate owns or co-owns properties including Manchester Arndale, Finsbury Circus,

Westfield Fashion Square Westfield Fashion Square is a shopping mall in the Sherman Oaks and Van Nuys areas of Los Angeles, California. It is owned by Westfield Group. The mall features the traditional retailers Bloomingdale's and Macy's. The mall opened on April 22, 196 ...

, Westfield Garden State Plaza, Bluewater, Cribbs Causeway, and Fremlin Walk, Maidstone.

Timeline

*1848: Prudential Mutual Assurance Investment and Loan Association established. *1879: Prudential moved into Holborn Bars, a purpose built office complex designed by Sir

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

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

Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

, 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, 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

Sustainability

M&G Real Estate has been active in the

sustainability Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable livi ...

movement. It achieved full

ISO 14001 ISO 14000 is a family of standards related to environmental management that exists to help organizations (a) minimize how their operations (processes, etc.) negatively affect the environment (i.e. cause adverse changes to air, water, or land); (b ...

accreditation for its entire property portfolio. Many other property investment companies such as

Morley Fund Management Aviva Investors is an asset management company and is part of the Aviva group. History The London unit, previously known as Morley, was founded in 1971 as Geoffrey Morley and Partners. This was bought by Globe Investment in 1988 and then sold to ...

Hermes Real Estate Hermes (; grc-gre, Ἑρμῆς) is an Olympian deity in ancient Greek religion and mythology. Hermes is considered the herald of the gods. He is also considered the protector of human heralds, travellers, thieves, merchants, and orator ...

, and

AXA Real Estate Investment Managers Axa S.A. (styled as ''AXA'' or GIG in the Middle East) is a French multinational insurance company. The head office is in the 8th arrondissement of Paris, France. It also provides investment management and other financial services. The Axa ...

have also implemented sustainability strategies. M&G Real Estate has reduced CO₂ emissions by 14% against the 2006 baseline and has avoided the emission of 55,000 tonnes of CO₂ through the purchase of green electricity; there has been a 10% increase in water efficiency across its managed offices.http://www.unepfi.org/fileadmin/documents/ceo_briefing_property_01.pdf

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 Prudential plc