PGIM EVP

PGIM Real Estate x BNP Paribas Wealth Management

Discover PGIM Real Estate’s strategy through a discussion between our expert in Private Real Estate and leaders of PGIM Real Estate.


Speakers

Vincent Esnard


VINCENT ESNARD

BNP Paribas Wealth Management
Real Estate Investment Senior Advisor

KILLIAN CURREY-LEWIS


KILLIAN CURREY-LEWIS

PGIM Real Estate


Vice President – Portfolio Manager

ANNETTE ALTEN


ANNETTE ALTEN

PGIM Real Estate


Vice President – Portfolio Manager

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In a nutshell

Jean-Michel Beghin


    

 

 

General Update 

2021

  • Strong letting performance on remaining assets: M Campus and Junghof Plaza
  • Strong progress on exit strategy (10 disposals realized on 14 deals)

2022

  • Distribution at Q1 2022, linked to the sale of the remaining buildings of M campus
  • Last disposals should be executed asset by asset

Lessons learned during fund’s life

  • Disruptive forces as e-commerce
  • Sectors: Office recovery post Global Financial Crisis was a winning bet, notably in Germany and France
  • Countries: Core European countries (France/Germany) remain key
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This video is communicated by the Wealth Management métier of BNP Paribas SA, supervised and authorized as a bank by the European Central Bank (“ECB”), and in France by the French “Autorité de Contrôle Prudentiel et de Résolution” (“ACPR”) and regulated by the French “Autorité des Marchés Financiers” (“AMF”) (hereinafter “BNP Paribas”).

Pramerica European Value Partners Limited Partnership SCS is a Société en Commandite Simple (limited liability partnership) established and registered in Luxembourg (“EVP”). Its General Partner is Pramerica European Value Partners GP Sarl., a private limited liability company established and registered in Luxembourg. It is managed by PGIM Real Estate Luxembourg SA. The General Partner is a controlled subsidiary of Prudential Financial, Inc. (NYSE: PRU), a company incorporated in New Jersey, U.S.A. that is not affiliated in any manner with Prudential plc, a company incorporated in England and Wales.

PrivAccess II - Real Estate European Value is a compartment of PrivAccess II SICAV SIF-SCA (hereinafter Real Estate European Value) a Luxembourg investment company with variable capital, structured under the form of a Multi-Compartment Specialized Investment Fund, registered as a corporate partnership limited by shares, authorized and regulated by Luxembourg CSSF. It is managed by its general partner: PrivAccess General Partner Sarl and Global General Partner SA which is an Alternative Investment Fund Manager authorised by the Luxembourg CSSF, has been appointed to manage Real Estate European Value.

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