Thomas Kallenbrunnen has joined PGIM Real Estate as a managing director and senior portfolio manager for its European core diversified real estate strategy.
PGIM Real Estate’s European platform had approximately $13 billion in assets under management or administration as of Sept. 30 and since 2012 has completed $21 billion in equity and debt transactions on behalf of investors throughout Europe.
“The scale, maturity, liquidity and diversification of the European core market, as well as the low supply growth and ongoing occupier demand, present a compelling investment opportunity to deliver stable, income-driven returns to investors globally,” said Raimondo Amabile, head of Europe. “Thomas’s extensive portfolio management experience and deep understanding of the market will further bolster our ability to capitalize on the significant opportunities we see in core European real estate.”
Kallenbrunnen brings more than 16 years of real estate investment management experience to PGIM Real Estate. Previously, Kallenbrunnen was general manager at Helaba Invest, a German investment management firm where he led the real estate and alternative investment business since its inception in 2012. Earlier, Kallenbrunnen was head of real estate portfolio management at VersAM Versicherungs Asset Management and a senior manager at PwC, leading international real estate projects for financial service clients.
Kallenbrunnen has a doctorate degree in economics from the University of Saarland and received his MBA from the TRIUM Executive Program at the NYU Stern School of Business, HEC Paris and London School of Economics, and is qualified as a RICS Chartered Surveyor since 2009.
PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management business of Prudential Financial.
