M&G Investments

M&G European Property Fund acquires two serviced apartment properties from Livory for EUR 73.5 million, making it its first investment in the serviced apartments segment

M&G Real Estate has acquired two serviced apartment properties in Berlin and Bielefeld for EUR 73.5 million as part of a forward purchase for the M&G European Property Fund. It is the fund's first investment in this segment; both properties are leased to smartments on a long-term basis.