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PGIM Real Estate invests in UK residential for Europe core strategy

By IPE staff2021-05-24T12:39:00+01:00 PGIM Real Estate is investing in a UK residential property on behalf of its European core strategy. The manager is forward funding a multifamily development of 135 private homes for rent with Osborne Developments, a deal which marks PGIM Real Estate’s second acquisition in the UK residential sector. The latest acquisition is located on Pelham Street in Brighton, East Sussex is expected to be completed in 2023. Paul Stanford, head of UK and Ireland at PGIM Real Estate, said: “This acquisition, which is our second residential rental transaction in the UK, aligns perfectly with our European core strategy. The UK residential sector offers defensive fundamentals and attractive long-term growth potential.

Moment Mercedes swerves across M5 motorway and smashes into crash barrier

This is the moment a Mercedes driver lost control in heavy rain and skidded across three lanes of a motorway, before smashing into a crash barrier.  Terrifying dashcam footage shows the Mercedes crumpled bonnet flying onto the carriageway as the car filming screeches to a halt with inches to spare.  The incident took place on the M5 northbound, close to junction 3 in Halesowen, Dudley, West Midlands, on May 3 at 4.53pm.   As the clip begins it is immediately obvious that road conditions are poor with rain lashing at the windscreen of Paul Stanford s BMW as he drives at a cautious 58mph.

PGIM Real Estate turns to staff to fill new roles

PGIM Real Estate turns to staff to fill new roles Sebastiano Ferrante and Jocelyn de Verdelon PGIM Real Estate will promote from within to fill new senior positions in Europe, effective March 1. Sebastiano Ferrante will become deputy head of Europe, a new role responsible for European portfolio management in the firm s private debt and pan-European equity strategies. Reporting to and working with Raimondo Amabile, head of Europe and Latin America, Mr. Ferrante will focus on the areas including ESG, talent, diversity and inclusion, and technology and innovation. Jocelyn de Verdelon will become head of transactions, Europe. He will further integrate the manager s pan-European investment strategy as the business grows. He will report to Mr. Ferrante.

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