M&G Real Estate raises €524m for European Property Fund

M&G Real Estate has secured €524 million ($555 million) for its €5 billion ($5.3 billion) European Property Fund during the past few months, representing the largest amount raised in a single quarter in the fund’s 15-year history. The capital came from three new and four existing clients in Europe and Asia.

The European Property Fund follows a diversified investment strategy and focuses on high-quality assets in Western and Northern Europe. The fund launched in 2006 and deployed more than €800 million ($840 million) of capital in continental Europe in 2021 alone.

“Over the past 15 years, many European property funds have grown through significant investments in commercial real estate, but the next phase of growth will increasingly be through diversification into the broader residential sector,” said David Jackson, director of fund management at M&G Real Estate. “We also believe that investment demand for the traditional office and retail markets w