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FRANKFURT, 12th Nov. 2026 – PGIM has acquired a retail portfolio of seven food-anchored retail properties in Germany from investment firm Greenman Investments. The transaction has been executed on behalf of PGIM’s European core real estate strategy together with 4FI Management. With assets under management of US$218 billion, PGIM’s real estate business is the second-largest real estate investment manager in the world.¹

Rory Morrison, head of core strategies, real estate, Europe for PGIM, commented: “Germany’s food-anchored retail sector continues to demonstrate strong and resilient performance, supported by secure, stable cash flows. This acquisition represents a rare opportunity for our investors to enter the German retail market through acquiring a widely diversified portfolio and capturing attractive income potential, supported by a strong and stable tenant base.”

Located across Berlin, Rhine-Ruhr, Stralsund, and Magdeburg, the portfolio combines strong regional demand with a well-diversified set of tenants.

This mix enhances the portfolio’s resilience and appeal, as each property benefits from strong local demographics as well as high occupancy, including many of Germany’s leading retail companies.

The management will be taken over by 4FI’s affiliate nxl RE GmbH.

The transaction was brokered by JLL, with DLA Piper, Laurus, BNP Paribas Real Estate and KPMG advising PGIM.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.² PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions—including fixed income, equities, real estate and alternatives.  With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.

PGIM’s real estate investment group is the world’s second-largest real estate investment manager, with US$218 billion in gross assets under management and administration1 and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

ABOUT 4FI / NXL RE

4FI is a family office headquartered in Frankfurt am Main with offices in Leipzig, Warsaw, and Luxembourg founded in 2016. Our investment focus includes retail real estate in Germany and Central and Eastern Europe and operating businesses. 4FI co-owns the real estate platform nxl RE GmbH. The fully integrated platform has a long-standing experience in the management and value creation of food anchored real estate.

¹ As of 30 Sept. 2026, AUM reflected as gross. Net AUM is US$134 billion and AUA is US$50 billion. PGIM’s real estate business is the second-largest real estate investment manager (out of 63 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “Largest Real Estate Investment Managers” list published October 2025. This ranking represents AUM as of 30 June 2025. Participation in the ranking is voluntary, and no compensation is required to participate in the ranking.

² As of Jun. 30, 2026. Assets are rounded to the nearest full number.

All investments involve risk, including the possible loss of capital.

These materials are not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services and should not be used as the basis for any investment decision. No liability whatsoever is accepted for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this report.

In the United Kingdom, information is issued by PGIM Fund Management Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Fund Management Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 181389). These materials are issued by PGIM Fund Management Limited to persons who are professional clients as defined under the rules of the FCA. In the European Economic Area (“EEA”), information is issued by PGIM Luxembourg S.A. with registered office: 2, boulevard de la Foire, L1528 Luxembourg. PGIM Luxembourg S.A. is authorised and regulated by the Commission de Surveillance du Secteur Financier in Luxembourg (registration number A00001218) and operating on the basis of a European passport. In certain EEA countries, this information, where permitted, may be presented by either PGIM Fund Management Limited or PGIM Limited in reliance of provisions, exemptions, or licences available under the temporary permission arrangements following the exit of the United Kingdom from the European Union. PGIM Fund Management Limited and PGIM Limited have their registered office at: Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Fund Management Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 181389). PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 193418). These materials are issued by PGIM Luxembourg S.A., PGIM Fund Management Limited, and/or PGIM Limited to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II) and/or to persons who are professional clients as defined under the rules of the FCA.

REF: 6099010