Bloomberg News

KKR Appoints M&G’s Moore to Build Property Business in Europe

July 25, 2013

KKR & Co. (KKR:US), the private-equity firm run by billionaires Henry Kravis and George Roberts, hired the former head of Prudential Plc (PRU)’s property arm as it steps up real-estate investment in western Europe.

KKR hired Martin Moore, 56, as a senior adviser, the New York-based firm said in an e-mailed statement. Moore retired last month as chairman of Prudential’s M&G Real Estate division, a role he held for a year after being managing director of the unit since 1996.

“Martin has built, over many investment cycles, a great knowledge and understanding of the real estate business, especially in the U.K.,” Guillaume Cassou, director of real estate at KKR Europe, said in the statement.

KKR is looking at “a number” of potential property deals, Cassou said. The buyout firm is raising its debut real estate fund after completing its first European property purchase last month, buying 430,000 square feet (40,000 square meters) of U.K. retail warehouses from Resolution Property Plc for an undisclosed sum.

To contact the reporter on this story: Kiel Porter in London at kporter17@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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Companies Mentioned

  • KKR
    (KKR & Co LP)
    • $22.12 USD
    • -0.25
    • -1.12%
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