M&G Real Estate, one of the UK’s largest property investors, has appointed Matthew Stone as Head of Long Income Real Estate. He joined on Monday 22nd August, and reports to Tony Brown, Chief Investment Officer. He replaces Steffan Francis who retired earlier this year.
In his new role, Matthew will lead the pan-European Long Income team, ensuring the delivery of investment transactions and asset performance to exceed both client expectations and Fund requirements. The team sources assets for M&G’s Institutional long lease funds and the long lease joint venture strategy between M&G’s Institutional Fixed Income Business and M&G Real Estate.
Matthew joins from Kingfisher plc where, as Group Property Director, he was responsible for the group’s real estate portfolio of owned and leased properties, and its capital expenditure to acquire new sites and fund construction.
His prior roles include Head of EMEA Corporate Finance for Cushman & Wakefield, where he was responsible for a high volume of complex sale-and-leaseback transactions, and Main Board Director for Nelson Bakewell, which involved extensive experience in working with public sector clients.
Tony Brown comments: “Matthew’s appointment is evidence of the importance we are placing on M&G Real Estate’s Long Income franchise. Matthew is an expert in both UK and continental European real estate, and he joins our highly-regarded team at a time when we are attracting significant new capital to our European product range.”