Pramerica Real Estate Investors announced on Tuesday that it has recently carried out over EUR 200 mln worth of transactions across Europe and Latin America. Pramerica, the European real estate arm of US-based Prudential Financial, completed six deals on behalf of investors in its special funds managed by the Munich-based unit, TMW Pramerica Property Investment.

The acquisitions include Am Handelshof 2-9, a 28,243-m2 retail park in Würzburg, Germany, anchored by two big box retailers, Media Markt and Hornbach; Torre Acuario, a Class-A, mixed-use building in Mexico City's Santa Fe district; as well as Raa Center, a 17,500 m2 retail park in Helsingborg, Sweden.

The disposals include 11 Pilgrim Street, a 9,668-m2 office building in the City of London; and Karl-Wiechert-Allee, a 12,239-m2 office building in Hannover, Germany, which is now owned by publishing house Heise. As part of Pramerica's management mandate for IVG, the company also sold the 5,500-m2 Campus Verrazzano office building in Lyon, France to the French investment house Sofidy.

'One thing that differentiates Pramerica,' said Eric Adler, CEO of Pramerica Europe, 'is the breadth of knowledge of the local European markets that is a perfect complement for the deep knowledge in Latin America, the United States and Asia. The diversity of these particular deals is indicative of how this knowledge is paying off for investors.'