PGIM Real Estate’s European Core Plus strategy has raised over $400 million, with the newly-launched strategy eyeing investment in the hotel sector.
PGIM Real Este says the strategy will target Europe’s most liquid markets, investing in sectors such as logistics; residential including rental, senior and student housing; and new generation of office. It will also target opportunities in mispriced sectors, such as hotels or self-storage.
What they said
Jocelyn de Verdelon, senior portfolio manager of the European Core Plus strategy said: “In this high inflation environment and amid market dislocations, investors increasingly want strategies that are able to distribute sustainable income and generate alpha.
"Our European Core Plus strategy aims to do just that, by focusing on high conviction investment themes across the true core-plus universe to deliver growing income combined with value creation. Our experience in alpha-driven strategies provides a strong platform to create another high-quality vehicle that aims to capture compelling investment opportunities in Europe.”