M&G Real Estate

M&G Real Estate
Formerly	Prudential Property Investment Managers
Company type	Subsidiary
Industry	Property development
Founded	1848; 177 years ago
Headquarters	London, United Kingdom
Area served	United Kingdom, Europe and Asia
Products	Asset management and property management
Number of employees	200 (2023)
Parent	M&G Investments
Website	www.mandg.com/realestate

M&G Real Estate, formerly Prudential Property Investment Managers, is a global real estate investment manager, providing integrated services for fund management, asset management and property management. M&G Real Estate is part of M&G Investments which used to be part of Prudential until 2019. M&G Real Estate is a real estate investment manager in the United Kingdom, Europe and Asia. M&G Real Estate is headquartered in London.^[1]

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.^[2]^[3] There are over 200 employees; Alex Jeffrey was appointed chief executive in July 2012 and he was replaced by Tony Brown in 2018.^[4]^[5]

History

1848: Prudential Mutual Assurance Investment and Loan Association established.^[6]
1879: Prudential moved into Holborn Bars, a purpose built office complex designed by Alfred Waterhouse, now a popular architectural landmark.^[7]

1920s / 1930s: Since equities collapsed in the Great Depression, 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^[1]
2001: Prudential Portfolio Managers (PPM) was integrated with Prudential's newly acquired fund management arm M&G^[1]
2006: Prudential Property Investment Managers was formally rebranded as PRUPIM.
2013: M&G Investments changes the name of PRUPIM to M&G Real Estate^[8]