M&G Life commits $250m to expand residential investments in Asia

This brings total real estate exposure in the region to $2.5b.

M&G Life bolstered its footprint in Asia’s real estate market with a $250m commitment aimed at expanding its investments in the region’s residential sector.

The company said this marks a strategic move by M&G’s Life business to grow its portfolio in Asia, bringing its total real estate exposure in the region to $2.5b.

The latest investment coincides with M&G’s acquisition of a $68m prime residential portfolio in Osaka, Japan.

The portfolio includes 378 units across three 15-storey buildings, underscoring M&G's confidence in Japan’s stable residential market, driven by urbanisation and migration to major cities.

This acquisition is part of the company’s broader $7b global exposure to the residential sector.

David Askham, who has over 20 years of experience at M&G, has been appointed as director of Portfolio Management, Asia Living.

He will lead the firm’s efforts to expand its footprint in Asia’s residential market, which is viewed as a high-growth area, particularly in countries like Japan.

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