Prudential teams with pension fund to invest in Netherlands real estate

|About: Prudential Financial, Inc. (PRU)|By:, SA News Editor

Prudential (PRU) Real Estate Investors and Algemene have raised $366.7M - mostly provided by Algemene - to build a junior debt and preferred capital portfolio backed by commercial real estate.

PREI Managing Director Andrew Radkiewicz: "The Netherlands is at an attractive point in the cycle, earlier in the recovery phase than the UK, and there is less competition in the lending market compared to other countries, where increasing numbers of lenders are active."

PREI has a global real estate debt platform of over $5B.