Fund manager M&G Real Estate has promoted Antonin Prade to investment director for France, Belgium and Luxembourg, where he will lead on acquisitions across the company’s range of European funds.
Prade will report to Marc Reijnen, head of investment and asset management for Continental Europe.
Reijnen said: 'With Antonin’s compelling track record in all aspects of real estate and excellent understanding of the property landscape across asset classes and jurisdictions, I have every confidence he will continue to be a key figure in identifying quality real estate investments, which will provide our clients with long term value as we expand our capabilities across Continental Europe.'
Prade joined M&G Real Estate’s Paris office in 2017 to support M&G’s £7.2 bn long income business - and in particular, the M&G European secured property income fund, which launched in 2015.
In this new expanded remit, Prade will also be responsible for sourcing investments in France on behalf of the £4.1 bn M&G European property fund as it increasingly diversifies towards the residential sector.
The country offers potential for substantial capital deployment possibilities across all sectors, evidenced most recently by a significant joint venture investment in Paris that M&G made on behalf of an Asian separate account client, the firm said.
M&G Real Estate’s offices are located in Frankfurt, Madrid, Paris and Stockholm.
