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PREI Closes $3B Property Fund
Prudential Real Estate Investors, the real estate investment management unit of Prudential Financial, has closed a S$3 billion private open-end property fund Pramerica AsiaRetail.
Prudential Real Estate Investors, the real estate investment management unit ofPrudential Financial, has closed a S$3 billion private open-end property fundPramerica AsiaRetail. The Singapore-dollar denominated fund invests in shopping centers on behalf of institutional investors.
The vehicle, which is run by Singapore-basedPramerica Real Estate Investors (Asia), combines the firm’s closed-endAsian Retail Mall基金与私人的房地产基金institutional investors. It concentrates on retail properties in Singapore and Malaysia, grounded by the initial portfolio, includingTiong Bahru Plaza,Century Square Shopping Centre,Hougang MallandWhite Sands Shopping Centre.
Click here for the release fromBusiness Wire.