Its subsidiary, Prudential Real Estate Investors, has hired Andrew Radkiewicz and Andrew Macland, formerly of NM Rothschild, to run the new operation.
PREI has an established mezzanine business in the
Managing directors Radkiewicz and Macland will be joined by Mathew Crowther and Brian Scally, who previously worked with them at Paramount Private Equity, a company they set up after working at Rothschild.
PREI managing director and head of European business, Robert Falzon, said: “This London-based team has the skill to identify opportunities, the capacity to assess risk and the judgement to make the right choices for our clients, complementing our successful
Macland said they would not be buying second-hand debt but would originate new loans and work with banks and borrowers to re-structure existing loans using both their own and PREI’s contacts.
“The focus is going to be predominantly banks and private property companies”. He said the amount invested would depend on the deal flow.
PREI trades in Europe as Pramerica and the new team is based at the Strand office in
