Prudential Property Investment Managers

Prudential Property Investment Managers

Prudential Property Investment Managers (PRUPIM) is a global real estate investment manager, providing integrated services for fund management, asset management and property management. PRUPIM, part of the M&G Group of Companies, is the real estate investment arm of Prudential plc in the UK and Europe. PRUPIM is headquartered in the United Kingdomhttp://www.prudential.co.uk/prudential-plc/aboutpru/ourhistory/businesshistories/mandg/] .

PRUPIM began its real estate investment activities in 1848, and is today one of the largest real estate investment groups in the United Kingdom [http://www.propertyfundsresearch.com/pdfs/PFR%20MANAGER%20REPORT%202008.pdf] . There are now 309 employees; Martin Moore is the current Managing Director.

PRUPIM owns or co-owns many well-known properties in the UK and around the world, including Manchester Arndale, Finsbury Circus, GreenPark Business Park, Westfield Fashion Square, Westfield Garden State Plaza, Oxford Science Park, Bluewater, and Cribbs Causeway__NOTOC__

Timeline

*1848: Prudential Mutual Assurance Investment and Loan Association established [http://www.prudential.co.uk/prudential-plc/aboutpru/ourhistory/businesshistories/prudentialplc/] .
*1879: Prudential moved into Holborn Bars, a purpose built office complex designed by Sir Alfred Waterhouse, now a popular architectural landmark, [http://www.prudential.co.uk/prudential-plc/aboutpru/ourhistory/timeline/] .

*1920s / 1930s: Since equities collapsed in the Great Depression, many corporations diversified their holdings by investing heavily in property. During these years, Prudential made major real estate investments.
*1982: The Prudential Estates department of Prudential Assurance Company, a forerunner of PRUPIM, became PPM Property
*2001: Prudential Portfolio Managers (PPM) was integratd with Prudential's newly-acquired fund management arm M&G
*2006: Prudential Property Investment Managers was formally rebranded as PRUPIM.

ustainability

PRUPIM has been active in the sustainability movement. PRUPIM achieved full ISO 14001 accreditation for its entire property portfolio.

Many other property investment companies such as Morley Fund Management, Hermes Real Estate, and AXA Real Estate Investment Managers have also implemented sustainability strategies. PRUPIM has reduced CO2 emissions by 14% against the 2006 baseline and has avoided the emission of 55,000 tonnes of CO2 through the purchase of green electricity; there has been a 10% increase in water efficiency across its managed offices [http://www.unepfi.org/fileadmin/documents/ceo_briefing_property_01.pdf] .

References

External Links

* [http://www.prupim.com PRUPIM Home Page]
* [http://uk.finance.yahoo.com/q/pr?s=PRU.L Prudential plc on Yahoo! Finance]


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