PGIM Real Estate has appointed two senior origination professionals for real estate debt to its European debt team.
Juergen Helm, who is based in Frankfurt, joins from HSBC Germany as lead originator responsible for helping grow PGIM Real Estate’s European debt platform. He will report to Andrew Macland, head of European debt at PGIM Real Estate.
In London, Laura Denenga, who joins PGIM from Allianz Real Estate, has been appointed as an originator and will be responsible for sourcing and closing senior and whole loans, as well as mezzanine and preferred equity funding. She will report to Duncan Pearson, lead originator at PGIM Real Estate in London.
Macland said: “Demand for real estate debt is steadily growing and these two key origination appointments will help us meet that demand as we further position ourselves for future growth. These appointments also reinforce our strategic commitment to strong borrow-focussed market coverage — Juergen and Laura each bring with them an impressive track record and deep local knowledge, and we are thrilled to welcome them to the team.
“Current market conditions have sped up the trend we saw after the financial crisis of banks lending less. This presents a significant opportunity for lenders such as ourselves who are able to provide vital financing. With our focus on ‘create core’ real estate assets, we are able to continue to offer bespoke and creative solutions to our borrowers across a range of whole loans, mezzanine and preferred equity investments.”
