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PGIM Set To Invest $4.4 Billion MXN in Mexico Real Estate

PGIM is the global management business of Prudential Financial, inc. Yesterday, their real estate business PGIM Real Estate announced plans to invest $4.4 billion Mexican pesos into Mexico real estate. This news comes after a successful capital raise (equivalent to $235 million USD) for a closed real estate fund - PruMex IV CKD. The capital raise for the fund was made possible by existing PGIM Real Estate clients, who raised over half of the capital raise target. The remainder came from new investors. PGIM Real Estate will use the fund to invest across different Mexico real estate sectors.  Read more

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