PGIM Real Estate appoints David Fassbender as deputy head of Asia Pacific
His appointment is part of the firm’s ongoing strategy in strengthening its leadership bench and positioning the Asia Pacific platform for future growth.
PGIM Real Estate promotes Shaun Hose to spearhead growth of its UK equity platform
LONDON, 20 Feb. 2025 – PGIM Real Estate has appointed Shaun Hose as head of UK Equity to lead its transaction and asset management teams. PGIM Real Estate is the US$212 billion real estate investment business of PGIM and the third-largest real estate firm globally.
Based in London, Hose will continue to lead the management of UK portfolios and operations as well as the UK equity transaction team, reporting into head of Europe, Sebastiano Ferrante.
Hose has worked as head of UK Asset Management Equity at PGIM Real Estate since March 2024, where he was responsible for managing UK portfolios and operating platforms. With nearly 30 years of experience in the real estate industry, Hose was most recently managing director at PATRIZIA, where he led value-add platforms and special situations in the retail sector on a pan-European basis. Hose also helped rebuild the UK asset management team following PATRIZIA’s takeover of Rockspring and enhanced their value-add capabilities through scaling up their asset management division across UK and Europe.
“The recovery of the European market is well underway, and Shaun’s appointment is going to help us exploit the growth opportunity which this market cycle represents,” Ferrante said. “Shaun brings a wealth of experience to our business, in particular in value-add investments, with a proven track record of forming strategic partnerships with operators in a multitude of sectors. Shaun’s promotion is a testament to our commitment to maintaining a deep bench of industry-leading talent by recruiting and developing our internal talent into senior positions in our organisation. Our UK platform is pivotal to the growth of our business in Europe, and we will continue to invest and strengthen the team.”
Media Contact
"Our UK platform is pivotal to the growth of our business in Europe, and we will continue to invest and strengthen the team.”
PGIM Real Estate’s UK platform completed two milestone transactions last year with the acquisition of the real estate and operations of senior living operator Signature Living, and the acquisition of a significant stabilised student accommodation portfolio from Unite. In addition to landmark transactions last year, the team also onboarded new clients in Europe including LGPS Central for PGIM Real Estate’s UK affordable housing strategy, dedicated to developing houses for families and working professionals, let at affordable rents across the UK.
The appointment comes as Charles Crowe, current head of UK Transactions, has made the decision to leave the company in December 2025 to join a new venture. The wider UK equity team remains unchanged.
ABOUT PGIM REAL ESTATE
With US$212 billion in gross assets under management and administration2, PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing3, and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 42 offices across 19 countries, our more than 1,400 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager with US$1.38 trillion in assets under management4, PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialised expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information, visit pgim.com.
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.
For media use only. All investments involve risk, including the possible loss of capital. Not for distribution in the US or APAC.
1 PGIM Real Estate is the third-largest real estate investment manager (out of 72 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “Largest Real Estate Investment Managers” list published October 2024. This ranking represents global real estate assets under management by PGIM Real Estate as of 30 June 2024. Participation in the ranking is voluntary, and no compensation is required to participate in the ranking.
2 As of 30 Sept. 2024. Net AUM is US$137 billion and AUA is US$47 billion.
3 Includes legacy lending through PGIM’s parent company, PFI.
4 As of 31 Dec. 2024.
© 2025 PGIM Real Estate is the real estate investment management business of PGIM, the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (the “SEC”). Registration with the SEC does not imply a certain level of skill or training. 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. Prudential, PGIM, their respective logos and the Rock symbol are service marks of PFI and its related entities. In the United Kingdom, information is issued by PGIM Private Alternatives (UK) Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Private Alternatives (UK) 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 Private Alternatives (UK) 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 Sector 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 Private Alternatives (UK) Limited or PGIM Limited in reliance of provisions, exemptions, or licences available to either PGIM Private Alternatives (UK) Limited or PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. PGIM Limited and PGIM Private Alternatives (UK) Limited have their registered offices at: Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 193418). PGIM Private Alternatives (UK) 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 Luxembourg S.A., PGIM Limited or PGIM Private Alternatives (UK) 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. PGIM operates in various jurisdictions worldwide and distributes materials and/or products to qualified professional investors through its registered affiliates including, but not limited to: PGIM Real Estate (Japan) Ltd. in Japan; PGIM (Hong Kong) Limited in Hong Kong; PGIM (Singapore) Pte. Ltd. in Singapore; PGIM (Australia) Pty Ltd in Australia; PGIM Luxembourg S.A.; and PGIM Real Estate Germany AG in Germany. For more information, please visit pgimrealestate.com.
You may also like
Montana Capital Partners announces landmark deal with PFI
Montana Capital Partners (mcp) has acquired a substantial private equity portfolio from PFI.
PGIM Real Estate raises $2B for final close of Global Data Center Fund
The Fund has a build-fill-sell investment strategy focused on the low latency hyperscale segment of the global data center sector.