PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-chief executive officers, effective Oct. 1, 2023. Marcus and Amabile will jointly run the business in an expansion of their.
PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-chief executive officers, effective Oct. 1, 2023. Marcus and Amabile will jointly run the business in an expansion of their existing global and
PGIM Real Estate invests in German residential for Europe core strategy ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
The real estate manager has paid an undisclosed sum to buy the assets in Northern Italy.
PGIM Real Estate said the first two properties are newly built warehouses totalling 40,000sqm located in the Milan logistics sub-market of the Lombardy region and the third property is a 45,000sqm warehouse in the Emilia Romagna region.
CBRE Global Investors is it sold the asset in the Emilia Romagna region to PGIM Real Estate on behalf of its European Industrial Fund. The asset was acquired by CBRE Global Investors in 2007.
Sebastiano Ferrante, deputy head of Europe and head of Italy at PGIM Real Estate, said driven by robust e-commerce activities, logistics take-up in Italy reached a record high in 2020 – despite the challenging macroeconomic environment due to Covid-19.