M&G makes first resi acquisition in Germany

M&G Real Estate (M&G) has made its first private rented sector (PRS) deal in Germany following an agreement to finance the construction of 230 apartments in Bad Homburg vor der Höhe, near Frankfurt. The funding has been agreed on behalf of the €4.4 bn M&G European Property Fund, as part of the fund’s expansion into residential markets across Continental Europe.

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