LONDON-New leadership has taken the helm of Prudential Real Estate Investors' European and Asian operations. Raimondo Amabile and Andrew Radkiewicz have been tapped as co-heads of its European business, while Philip Barrett has been named chief risk officer.
The promotions reflect the bullish approach the Madison, NJ-based lender has for foreign markets. As David M. Durning, senior managing director of originations and agency lending for Pru Mortgage Capital, told GlobeSt.com in an exclusive interview recently, the banking woes that the Europe is facing spell opportunity for Pru and all lenders” “The bank pull-back is a perfect opportunity for senior lenders to broaden their trade in Europe,” he stated. “They're a scarce commodity.”
For fixed-income investors, he continued, “it also represents a yield opportunity vs. what they could get in the United States.”
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
