Prudential Affiliate Pgim Real Estate Invests Us$323 Million In China’s Buoyant Logistics Property Market | South China Morning Post

by scmp.com posted 2weeks ago 3 views
The robust growth in China’s e-commerce sector, which has vastly benefited from the rise in online shopping because of the coronavirus pandemic, is drawing overseas institutional investors to logistics assets on the mainland.PGIM Real Estate, a unit of PGIM, the US$1.5 trillion global asset management business of New York-listed Prudential Financial, is investing US$323 million together with its partner New Ease China, to acquire logistics assets in Nanjing, Shanghai and Langfang.“The…

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