M&G Real Estate has appointed Matthew Stone as head of long income real estate. Stone, who will report to CEO Tony Brown, replaces Steffan Francis, who retired earlier this year.
'Matthew's appointment is evidence of the importance we are placing on M&G Real Estate's Long Income franchise,' commented Brown. 'He joins our highly-regarded team at a time when we are attracting significant new capital to our European product range.'
Stone will lead the pan-European long income team executing investment transactions and overseeing asset performance for M&G's institutional long lease funds and its long lease joint venture.
He was previously group property director of Kingfisher plc and head of EMEA corporate finance at Cushman & Wakefield.
