M&G Real Estate has expanded its European portfolio by acquiring two residential properties in Greater Paris from French REIT Gecina for €67 million. The off-market purchase adds 173 newly built rental apartments in Hauts-de-Seine across Alba Residence in La Garenne-Colombes and Rueil Arsenal in Rueil-Malmaison. The deal marks the tenth acquisition for the M&G European Living Property Fund, taking its total holdings to over 1,700 homes.
M&G Real Estate has expanded its Japanese portfolio with a JPY 19.4 billion investment in six residential buildings across Tokyo. The deal, worth approximately USD 126 million, targets the city's high demand for rental housing. These assets will join the M&G Asia Property and Asia Living Property strategies, capitalising on Tokyo’s limited housing supply and steady population growth to provide reliable long term returns for global investors.
M&G Real Estate has entered into a joint venture with BlueRock Group to expand a residential portfolio in Berlin. The partnership involves a total investment of €47 million to modernise existing buildings and construct 75 new apartments. This move aims to address the severe housing shortage in some of the most popular districts in the German capital.
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