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PGIM Real Estate hires Thomas Kallenbrunnen as senior portfolio manager for European core strategy
LONDON, Dec. 6, 2018 – Thomas Kallenbrunnen has joined PGIM Real Estate as a managing director and senior portfolio manager for its European core diversified real estate strategy. PGIM Real Estate is the real estate investment business of PGIM Inc., the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Kallenbrunnen is based in Frankfurt and reports to Raimondo Amabile, head of Europe. PGIM Real Estate’s European platform had approximately $13 billion in assets under management or administration as of September 30, 2018 and since 2012 has completed $21 billion in equity and debt transactions on behalf of investors throughout Europe.
“The scale, maturity, liquidity and diversification of the European core market, as well as the low supply growth and ongoing occupier demand, present a compelling investment opportunity to deliver stable, income-driven returns to investors globally,” commented Amabile. “Thomas’s extensive portfolio management experience and deep understanding of the market will further bolster our ability to capitalize on the significant opportunities we see in core European real estate.”
Kallenbrunnen brings over 16 years of real estate investment management experience to PGIM Real Estate. Previously, Kallenbrunnen was general manager at Helaba Invest, a German investment management firm where he led the real estate and alternative investment business since its inception in 2012. Earlier, Kallenbrunnen was head of real estate portfolio management at VersAM Versicherungs Asset Management and a senior manager at PwC, leading international real estate projects for financial service clients.
Kallenbrunnen has a doctorate degree in economics from the University of Saarland and has received his MBA from the TRIUM Executive Program at the NYU Stern School of Business, HEC Paris and London School of Economics, and is qualified as a RICS Chartered Surveyor since 2009.
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“Thomas’s extensive portfolio management experience and deep understanding of the market will further bolster our ability to capitalize on the significant opportunities we see in core European real estate."
About PGIM Real Estate
PGIM Real Estate, the real estate investment business of PGIM, has been redefining the real estate investing landscape since 1970. Combining insights into macroeconomic trends and global real estate markets with excellence of execution and risk management, PGIM Real Estate has professionals in 17 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $69.2 billion ($49.5 billion net) as of June 30, 2018. PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate equity, debt and securities investment strategies that span the risk/return spectrum. For more information, visit pgimrealestate.com.
About PGIM and Prudential Financial, Inc.
With 15 consecutive years of positive third-party institutional net flows, PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world with more than $1 trillion in assets under management as of September 30, 2018. PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 15 countries across five continents. For more information, please visit pgim.com.
Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about Prudential, please visit news.prudential.com.
Prudential Financial, Inc., of the United States is not affiliated with Prudential plc, a company headquartered in the United Kingdom.
© 2018 PGIM is the primary asset management business of Prudential Financial, Inc. (PFI). PGIM Real Estate is PGIM’s real estate investment advisory business and operates through PGIM, Inc., a registered investment advisor. Prudential, PGIM, their respective logos as well as the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. PFI of the United States is not affiliated with Prudential plc, a company headquartered in the United Kingdom. Ref: 18BDUFF- B75M2A
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