M&G Real Estate eyes more retail, logistics assets in Asia
The aim is to have half its global AUM residing outside its home market, the UK, in the long term
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Singapore
M&G Real Estate, the property investment arm of Prudential plc, is eyeing more retail and logistics assets in Asia, where it already has US$2.5 billion in assets under management (AUM) in Singapore, Hong Kong, South Korea, Japan and Australia.
This is part of its overall drive to invest outside the UK with a long-term target of having half its global AUM residing outside of its home market, up from 25 per cent currently, said chief executive Alex Jeffrey.
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