We see tremendous opportunities in these markets and are excited about the potential to team up with PPPE in a venture that could allow us to dramatically expand and accelerate our European operations.
PPPE is the European real estate private equity arm of Prudential Real Estate Investors (PREI), which is headquartered in Parsippany, N.
PPPE advises and manages on behalf of PRICOA and other third party funds investments invests in equity and equity-related securities of real estate operating companies throughout Europe.
Jurgen Leibfried and Patrick Reich, have created a focused and profitable business which is now extremely well placed to take advantage of the current upswing in the German real estate markets, particularly in Berlin," said Jonathan Short, managing director of PPPE.
Jurgen Leibfried, managing director of BAUWERT, said, "We are delighted to have finalized terms with PPPE, a step that will greatly enhance our ability to expand the BAUWERT business.
is part of Prudential Real Estate Investors (PREI), Prudential's global real estate money management firm that offers clients investment opportunities in Europe, Asia and the United States.