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.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
