M&G Real Estate receives $500m U.K. investment mandate
M&G Real Estate has been awarded a $500 million mandate to invest in U.K. real estate by a major European investor. “In the wake of the E.U. referendum, this commitment by a major European investor signals confidence in the U.K. real estate market and confirms the status of U.K. commercial property as a compelling asset class on a long-term basis,” said Martin Towns, head of capital solutions, M&G Real Estate, in a statement. The mandate will seek direct real estate investment opportunities across all main property types in primary markets in the United Kingdom.