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Prudential Financial targets 5% outperformance from UK property fund

Dylan Lobo City Wire
Prudential Financial targets 5% outperformance from UK property fund - UK - Financial/Loan - Property Loans - Real Estate Investor

Pramerica Real Estate Investors is the latest group to unveil plans to launch a UK commercial property fund.

The European arm of US-based Prudential Financial's global real estate investment and advisory business will launch the Pramerica UK Real Income fund, primarily for the institutional market.

The fund will contain a property portfolio with low levels of depreciation and volatility, and will aim to outperform the UK Retail Price Index by between 4% to 5% after fees and expenses.

The fund represents the firm's UK-dedicated strategy. It will be managed by Pramerica new UK-based property team, which comprises Paul Dennis Jones, Charles Crowe and Andrew Grigson.

The trio joined Pramerica in early September from UBS Global Asset Management, and collectively have 45 years of investment experience.


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