M&G Real Estate (formerly known as PRUPIM) is a global

real estate investment Real estate investing involves the purchase, management and sale or rental of real estate for profit. Someone who actively or passively invests in real estate is called a real estate entrepreneur or a real estate investor. Some investors actively ...

manager, providing integrated services for

fund management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

, asset management and property management. M&G Real Estate, part of

M&G Investments M&G plc is a global investment manager headquartered in the City of London. Since its de-merger from Prudential plc, it has been listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. History Pre-2000 Municipal & Gen ...

, is the

arm of

Prudential plc Prudential plc is a British Multinational corporation, multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary list ...

in the UK and

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

. M&G Real Estate is headquartered in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

. 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 Manchester Arndale (one of a number of shopping centres in the UK by the same developers, also known simply as the Arndale Centre or the Arndale) is a large shopping centre in Manchester, England. It was constructed in phases between 1972 and 19 ...

Finsbury Circus Finsbury Circus is a park in the Coleman Street Ward of the City of London, England. The 2 acre park is the largest public open space within the City's boundaries. It is not to be confused with Finsbury Square, just north of the City, or Finsb ...

, Westfield Fashion Square,

Westfield Garden State Plaza Garden State Plaza (officially Westfield Garden State Plaza) is a shopping mall located in Paramus, New Jersey. It is owned and managed by Paris-based real estate management company Unibail-Rodamco-Westfield, and located at the intersection of R ...

, Bluewater,

Cribbs Causeway Cribbs Causeway is both a road in South Gloucestershire, England, running north of the city of Bristol, and the adjacent area which is notable for its out-of-town shopping and leisure facilities. The retail and leisure complex takes its name fr ...

, and Fremlin Walk, Maidstone.

Timeline

*1848: Prudential Mutual Assurance Investment and Loan Association established. *1879: Prudential moved into

Holborn Bars Holborn Bars, also known as the Prudential Assurance Building is a large red terracotta Victorian building on the north side (138–142) of Holborn in Camden at the boundary of the City of London, England. The block is bounded by Holborn to t ...

, 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 Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary listings on the London Stock E ...

, 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 orators ...

, 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 Low-carbon power is electricity produced with substantially lower greenhouse gas emissions than conventional fossil fuel power generation. The energy transition to low-carbon power is one of the most important actions required to limit climate ...

; there has been a 10% increase in

water efficiency Water efficiency is the practice of reducing water consumption by measuring the amount of water required for a particular purpose and is proportionate to the amount of essential water used.Vickers, Amy. “Water use and conservation." Amherst, MA ...

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