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Audience

Dermot Kiernan video 2016

M&G UK Property Fund profile

UK property M&G UK Property Fund profile

M&G UK Property Fund

The M&G UK Property Fund invests directly in commercial properties in the UK and is well diversified, investing in the retail, office, industrial and alternative sectors of the market.

Performance objective

The fund aims to outperform the All Balanced Funds component of the AREF/IPD UK Quarterly Property Funds Index by 50bps, net of fees, on a rolling three-year basis.

Investment approach

Property differs from financial markets because it is a tangible asset. However, because investors will consider it against a range of other investments, we believe it still deserves to be analysed and assessed in the same way as other asset classes.

Our experienced fund management team exploits imperfections in the market using disciplined analysis and appraisal. We assess a property’s fair value based on our internal analysis of its yield and rental prospects. Our investment professionals also strengthen their research by drawing on the extensive local market knowledge of our national team of surveyors.

The active management of assets can deliver added value, so we pay particular attention to the management and development of each site and lease provisions, such as the terms for rent reviews.

The fund is managed within a disciplined framework by controlling risk without stifling individual flair. In this context, the investment process is designed to be robust under different economic conditions.

Meet our team

Fund Management

Dermot Kiernan

Fund Manager

Dermot Kiernan

Dermot manages the M&G UK Property Fund, drawing on more than 30 years’ experience in real estate investment. He joined M&G Real Estate in 2007 from LaSalle Investment Management, where he principally managed segregated pension fund mandates. Dermot is a member of the Royal Institution of Chartered Surveyors (RICS) and has a BSc in Estate Management. He also holds the Investment Management Certificate (IMC) and is an FCA Approved Person.

Deputy Fund Manager

Matthew Peake

Matthew Peake is the deputy fund manager for the M&G UK Property Fund. He joined M&G Real Estate in 2009 and has worked on the Prudential Annuity Funds as well as this fund. Matthew is a member of RICS and has 19 years’ experience in real estate, including as director at CBRE.

Business Development Team

Chris Andrews

Head of Client Relationships and Marketing

Christopher J. Andrews CFA

+65 6436 5331

chris.j.andrews@mandg.com

Primary contact

Other areas of investment expertise

Other areas of investment expertise

Direct real estate investment strategies

 

UK residential real estate

 

Asian real estate

 

European real estate

Research and insights

BooksRead the latest market views and in-depth thematic papers from our property research team.

Research and insights

The information on this website is for Institutional Investors only. Specifically, the information on these pages should not be used or relied upon by the public of Hong Kong or any other type of investor from any other jurisdiction.