US private giant KKR has hired the former head of Prudential’s real estate arm as it continues diversification from its core buyout business.
The firm has brought on Martin Moore as one if its army of senior advisors, with a responsibility for real estate investments in the UK and Europe.
Moore retired as Chairman of M&G Real Estate, previously Prudential Property Investment Managers, at the end of June. He had been Chairman since July 2012, having previously been managing director since 1996.
Moore said, “I am excited to be joining KKR as a senior advisor.
“They have an outstanding reputation, huge ambition and a flexible and entrepreneurial approach to real estate investing.
“I am very much looking forward to contributing to the further expansion of KKR’s real estate activities.”
Last month the firm made its first real estate acquisition in Europe by buying a 430,000 square foot UK-based retail park portfolio from Resolution Property.
The portfolio includes multi-let retail warehouse space in Oxford, Glasgow and Sunderland in addition to food, shopping and retail outlets.
KKR did not disclose the financial terms of the deal.
Copyright © 2013 AltAssets