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M&G Real Estate reinforces its presence in Iberia

M&G Real Estate, the real estate fund management arm of M&G Investments, is growing its presence in the Southern European market, with the opening of its ninth global office in central Madrid and the appointment of Federico Bros Tejedor as director of asset management, Spain and Portugal.

Tejedor joins from CBRE Global Investors in Spain where he was Head of Asset Management, Retail. Based out of M&G Real Estate’s new office in central Madrid, Bros reports to Mark Reijen, head of asset management in Continental Europe.

In this new role, he will manage Iberian assets and support the business’ investment ambitions in this key European region – in particular the wider European property strategy managed by David Jackson and Simon Ellis and M&G’s European Secured Property Income fund – the first pooled institutional fund to invest in Continental European real estate.

Bros joins at a time of significant expansion for the global real estate fund manager’s Continental European team, which has seen its footprint and average transaction size grow considerably across several jurisdictions.

The new director of asset management, Spain and Portugal, will have overall responsibility for ensuring asset performance through active management across the business’ Iberian property portfolio. This will incorporate driving active asset management, managing leasing strategies and overseeing property managers in a range of locations.

Jackson says: “The opening of our new office in Madrid comes as we continue to focus on the Continental European region by bolstering our investment capability, expanding our presence and team, with new offices and senior appointments”.

“With Federico’s appointment we continue to grow our team of experienced real estate specialists in key European cities, ensuring we are well placed to identify and act on emerging investment and asset management opportunities that will drive long-term income driven returns for our investors.”