PGIM Real Estate has expanded its digital infrastructure footprint with the acquisition of a 20.7-hectare site in a western suburb of Melbourne, marking the first Australian investment for its $2 billion Global Data Center Fund.
PGIM Real Estate
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). Built on a 150-year legacy of financial strength, stability, and disciplined risk management, the firm has navigated more than 30 market cycles.
Managing $1.4 trillion in assets, PGIM provides clients with deep expertise across both public and private asset classes. The firm delivers a diverse range of investment strategies and tailored solutions, including fixed income, equities, real estate, and alternatives.
With more than 1,500 investment professionals operating out of 40 offices across 20 countries, PGIM serves retail and institutional clients worldwide. For additional information, visit pgim.com.
PGIM Real Estate Data Center Map
PGIM Real Estate Power Growth Over Time
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sites announced, but haven't started construction
In April 2024, PGIM Real Estate acquired a greenfield site in Unterschleißheim, positioned between Munich's city center and Munich Airport.
