View examples of office space in Seoul
Prupim, headquartered in the UK and owns office space in various parts of the country, said it would look for its Tokyo office to strengthen its position in the Japanese investment market. To that end, Katsuhiro Ishikawa, who has two decades of experience working with Japanese real estate, has been appointed managing director of Prupim’s new Tokyo office.
Prupim is part of the real estate investment arm of the Prudential Group. Still, it is the parent company of a business called PPIM Korea, which is behind the opening of the new office in the South Korean city of Seoul. Expectations are that Prupim will continue to increase the scale and number of its offices in key markets and major cities across Asia in the coming years.
“Asia is a core market for Prupim and one with excellent potential for us and our clients,” explained Alex Jeffrey, chief executive of Pruprim. “We’re now extending our network of offices, and adding experienced industry professionals with deep local and regional knowledge strengthens our investment proposition.”
Singapore is already a significant operating hub for the investment business, with Scott Girard heading up Prupim’s offices there and playing a leading role in office space and personnel developments elsewhere in the region.
Regarding the scale of assets under its management, Prupim is one of the world’s top 25 real estate fund managers. The properties under its management include 325 retail and leisure developments and 164 office space sites worldwide.
Editor’s notes: In June 2013, PRUPIM was rebranded as M&G Real Estate to reflect its growing collaboration with other parts of the M&G Group.
In August 2012, M&G Real Estate’s website listed Tokyo Toranomon Global Square as its Tokyo office and Kyobo Building as its Seoul office.