Word on the Street: M&G to launch European Property vehicle

Investment Week has learned that M&G is to launch a European real estate vehicle, under the manageme...

Investment Week has learned that M&G is to launch a European real estate vehicle, under the management of David Jackson, which it will seed with assets from an existing Pru life fund. The M&G European Property fund holds a €380m portfolio, which will be fully invested at launch. The fund is due to come to the market as a Luxembourg-domiciled Sicav on 2 October. At launch the portfolio will feature six directly held properties with another, based in Amsterdam, to be added in the near future. The fund also has a 25% weighting to the Morgan Stanley Eurozone Office fund, bought to gain ex...