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M&G Real Estate bought and sold £4.2 bn (€5.5 bn) of real estate in 2015, taking the total level of transactions to over £11 bn over the past three years. The 2015 total included £2.6 bn of new acquisitions.

Notable UK deals included the acquisitions of Bloomberg Place in London and Bedfont Lakes Office Park near Heathrow Airport, along with a framework deal signed with Crest Nicholson, the first agreement of its kind between an institutional investor and a housebuilder that will create a meaningful increase in housing output.

'In the UK in 2015 we were again one of the most active participants, being involved in 5% of all deal flow,' said Chief Executive Alex Jeffrey. 'This is a great testament to our team which has built a market-leading reputation for origination and reliable execution. Our unique ability to participate in the full spectrum of real estate – from equity through debt and in a range of asset classes – means we are ideally placed to find the best relative value opportunities in line with client needs.'

Internationally, highlights included the €175 mln purchase of an office block in Madrid, M&G Real Estate’s first acquisition in Italy for 10 years and a $230 mln deal to acquire three retail assets in South Korea.

M&G Real Estate continues to focus on the recovery in Continental Europe, as the region follows the US and the UK into a phase of solid economic growth.

'Bolstering our investment capability and further strengthening our continental European business is a key priority for 2016. We are expanding our continental European footprint and our team, and will announce new office openings and appointments early in the year,' added Jeffrey.
M&G Real Estate fact file:

M&G Real Estate has £22.2 bn in total assets under management invested in 23 countries. Based in the UK, it also has offices in France, Germany, Japan, Korea, Luxembourg and Singapore.
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TOP INVESTORS
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PropertyEU is currently compiling its ranking of Top Investors based on transaction volume in 2015. The ranking is based on a survey questionnaire sent to investors and reports such as above by investors on real estate acquisitions and disposal volumes.

Haven’t received a survey request? Please send information on total investment and disposal volumes, plus a list with details of top deals, to Deals Editor Cormac Mac Ruairi at research@propertyeu.info

The ranking is published in March 2016.