M&G Real Estate, part of UK insurer Prudential, has ambitious plans to grow its presence in Europe. An important step in the property investor's strategy was the recent opening of its ninth global office in central Madrid. Federico Bros Tejedor, formerly of CBRE Global Investors in Spain, has been appointed to head the office as director of asset management for Spain and Portugal.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
