- €400 million investment from Dutch asset managers MN
- Launches with €75 million maiden investment in Finland
M&G has expanded its international real estate fund range with the launch of the M&G European Living Property Fund (The Fund), building on its market-leading £1.3 billion/€1.5 billion UK residential property investment strategy, which has provided circa 3,500 rental homes to date.
Designed to provide institutional investors with index-linked rental income, house price exposure and geographical diversification, the Fund invests in student, private rented sector and retirement housing. With supply/demand imbalances evident across Europe, M&G aims to use its network of local teams and in-house expertise to create additional supply of high quality, sustainable housing.
It launches with €578 million of capital from two investors and a €75 million acquisition of 124 recently refurbished apartments in a landmark Art Nouveau building in central Helsinki. It is the first building in Finland to receive the highest green building certification for its class in…
