PGIM Real Estate's U.S. Sustainable Investing Strategy Selected as Winner of PREA 2024 ESG Momentum Award
The PREA ESG Momentum award recognizes industry-leading and innovative approaches to ESG issues among real estate strategies.
Jan 6, 2020
3 mins
PGIM Real Estate has acquired an office building in Berlin from PPF Group, as part of a share deal for its European valueadd strategy. The property is located in the central business district of Berlin City West and has a total lettable area of around 24,500 square metres spread over nine floors, with two underground floors containing 410 parking spaces.
The multi-tenant property has a diversified tenant structure and a 91% occupancy rate. Tenants include companies such as BDO, Union Investment, Kaufhof Group and the Institute for Quality Assurance and Transparency in Health Care.
The PREA ESG Momentum award recognizes industry-leading and innovative approaches to ESG issues among real estate strategies.
PGIM Real Estate has expanded its agriculture financing platform into Australia, a market key to its global growth strategy.
PGIM Real Estate has provided $51 million in floating rate acquisition financing on behalf of its core-plus debt strategy to BKM Capital Partners.