• M&G bought two serviced apartment assets in Berlin and Bielefeld via forward purchase for EUR 73.5 million for its European Property Fund.
• Deal marks the fund’s first serviced apartment investment in Europe; assets were developed by Livory.
• Berlin property has 183 furnished units in Prenzlauer Berg; refurbishment completed in April; EPC A rating.
• Bielefeld scheme has 221 furnished units; operational since February 2026; located by the main train station.
• Both properties will be leased for 20 years to smartments, Livory’s sister company and a serviced apartment operator in Germany.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M&G plc published the original content used to generate this news brief on July 09, 2026, and is solely responsible for the information contained therein.