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Pramerica Real Estate Investors began activities in Europe in 1990,
and today, with approximately 103 employees and operations in ten European
cities, it has become one of Europe's largest real estate investment
managers. Pramerica's investment activities are coordinated by fund
management units based in Munich, London, and through a network of regional offices in eight other cities in
Europe whose activities include transactions and asset management.
The Munich fund management group, Pramerica Real Estate Investors (Deutschland) GmbH, was formed in 1982, as TMW Immobilien GmbH, and joined forces with Pramerica Real Estate Investors in 2002.
Pramerica's Munich team specializes in core and value-added investment styles in Europe, offering products that provide exposure to income producing properties throughout Western and Central Europe. Pramerica’s European merchant banking group (Pramerica Real Estate Investors Ltd) was formed in 1999 and focuses on higher returning strategies in the European real estate sector. Based in London, the European merchant banking group is a well-established provider of start-up and growth capital to real estate operating companies in Europe, and coordinates its activities with Pramerica's global merchant banking group.
Pramerica is committed to the local execution of its activities, and transactions and asset management services are conducted by the group's regional offices throughout Europe. Pramerica has professionals dedicated to research, tax, investment structuring, and finance who support investment activities across each of the firm’s ten European locations.
Products include open-end and closed-end commingled investment
vehicles, specialist funds focused on specific market sectors, and
single client accounts.
In Germany, Pramerica’s wholly-owned subsidiary, TMW Pramerica Property Investment GmbH, is a licensed KAG and offers Spezialfonds to institutional investors and a global Publikumsfonds to institutional and retail investors.
Prudential Financial, Inc. of the United States of America is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom. In the United Kingdom all regulated activities are carried out by representatives of Pramerica Investment Management Limited ("PIML") which is authorised and regulated by the Financial Services Authority (FSA) of the United Kingdom (FSA Registration Number 193418), and duly passported in various jurisdictions in the European Economic Area. PIML is registered in England No. 3809039 VAT NO. 447 1835 36, Registered Office, Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. Pramerica, Pramerica Financial and the Rock Logo are proprietary servicemarks and may not be used without the written permission of the owner.
© Copyright 2009 All rights reserved.
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The reports listed below
offer observations and commentary on trends in the real
estate property and capital markets.
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Deleveraging the Commercial Real Estate in Europe
(May 2009)
Commercial real estate owners in Europe are facing a quandary stemming from falling property prices and the increasingly conservative behavior of banks. Loans written with high loan-to-value ratios during the bull market are likely to breach loan covenants, which will empower banks to require that property owners provide additional equity to repair the breach. What's more, many property owners will not be able to refinance maturing loans with the same level of proceeds. Both situations are likely to create opportunities for investors to fill the shortfalls.
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click here to see report |
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