M&G launches fund with €578m investment

M&G Real Estate expands its residential capability and European property fund range with the launch of the M&G European Living Property Fund (The Fund), building on its market-leading £1.3bn/€1.5bn UK Living strategy (as of 30 September 2022).

The Fund aims to provide institutional investors with attractive risk adjusted returns through investment into Europe’s residential sectors – including Build to Rent, single-family rentals, student housing and retirement living.

The Fund has launched with €400m of investment from long standing client, MN – one of the largest pension administrators and asset managers of Dutch pension funds – which is diversifying and internationalising its residential exposure, and €178m from an M&G internal client fund which is upweighting to alternatives in Europe. Commenting on MN’s investment in the M&G European Living Property Fund, M&G Real Estate’s Portfolio Manager highlights its aim to secure long-term returns for its clients …

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