PGIM Real Estate builds on European core strategy

PGIM Real Estate, the $209.3 billion real estate business of PGIM, has acquired three centrally located office properties in Amsterdam, Paris and London.

The acquisitions were made on behalf of PGIM’s European core strategy, increasing its exposure to European offices by continuing to allocate strategically to “winning cities” that are experiencing steady population growth and increasing affluence, as well as attracting capital and skilled workforces, according to the firm.

The property in Amsterdam, the Warehouse, is a grade A office building located in the heart of the city, which is fully occupied by a single tenant — a major software company. The Paris office is located on Rue de Taitbout near the Opéra in the 9th arrondissement, which was historically home to many large financial institutions and international organizations but is now also the epicenter of the French tech scene. In addition, the London property, C-Space, is a fully leased building on the