M&G and TPG to form a £700m joint venture.

M&G Real Estate, a global real estate investment manager, and TPG Real Estate, a real estate equity investment platform, agreed to form a £700m joint venture. “This strategic joint venture represents our latest investment into European industrial real estate and leverages our strong track record and experience in the sector. It also reflects our ability to partner with existing owners as a path to investing in high-quality, scaled portfolios in markets that continue to experience strong demand for logistics space. We look forward to working alongside our new partner, M&G, to support and enhance the AGLP platform,” James Piper, TPG Real Estate Partner.