M&G Real Estate Asia Pte. Ltd. acquired Park Avenue, a student accommodation asset in Melbourne, for A$97 million. This marks its first foray into Australia's PBSA sector, aligning with its Asia Pacific Living strategy to expand investments in high-quality residential assets. The move boosts M&G's exposure in the region's housing market to US$1.3 billion and targets sustainable growth near leading universities.​
10 Mar 2025​
M&G Real Estate Asia Pte. Ltd.