Prudential real estate makes bet on German shopping centers

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

Prudential Real Estate Investors (a unit of PRU) and the Third Swedish National Pension Fund, AP3 have formed a JV to invest in German retail properties and the partership has acquired one portfolio and agreed to the purchase of another.

The sum total of the two deal is around $361M.