Australian Mercantile Collections

PGIM launches $750m debt strategy for investors

PGIM launches $750m debt strategy for investors

The global real estate investment player expects the next year to be a ‘good vintage’ for Australian investors as it launches its first property debt strategy in the country.

The investment house has closed on about $300m and has confirmed advanced commitments from several institutional investors that should see it surpass $600m in the next few months.

The first dedicated, commingled Australian real estate debt strategy for PGIM Real Estate will provide strong risk-adjusted returns…

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