M&G Real Estate has hired three senior managers to support its US$4bn (€3.5bn) pan-Asian core strategy.
The real estate investment management arm of UK insurer Prudential has appointed Tenshin Ito as head of Japan, while Richard van den Berg and Robert Walker have joined as fund manager and non-executive director, respectively.
Ito will manage Japanese acquisition and asset management teams. He joins from Tosei Asset Advisors where he sourced property deals and established its real estate investment trust business.
Van den Berg will manage the core Asia strategy, which was established by M&G 10 years ago, replacing Scott Girard who is relocating to Australia. Van den Berg joined from CBRE Global Investors.
Walker will join in November from sovereign wealth fund Abu Dhabi Investment Authority where he was head of Asia-Pacific real estate.
M&G’s core Asia property strategy has gained in size in recent years. The portfolio has grown to 23 assets in Hong Kong, Japan, Singapore and South Korea.
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