Pramerica Real Estate Investors, the US investment manager with $47 bn (EUR 35.8 bn) of assets worldwide, is expanding its real estate finance activities with the launch of a new team based in London which will invest in commercial real estate mezzanine structures across Europe. Prudential Financial's management arm said it has hired Andrew Radkiewicz and Andrew Macland, founders of Paramount Private Equity LLP, to lead a four-strong team that will offer investors the opportunity to take advantage of a rapidly changing real estate market.
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