CBRE’s Stephen O’Keeffe hired to lead PGIM’s Australian real estate debt business. : PGIM Real Estate has been awarded a new US$320m (€271.3m) real estate debt mandate to invest in Australia. An unnamed institution has mandated PGIM Real Estate to build and manage a portfolio of whole loans and mezzanine real estate debt investments. To help execute the mandate, PGIM Real Estate has recruited industry veteran Stephen O’Keeffe to lead its Australian real estate debt business. O’Keeffe was a senior director in the debt and structured finance team at CBRE.