Pramerica’s Local Expertise Plays out on Global Stage - Completion of seven deals totaling more than €200 million

Munich/London – Pramerica Real Estate Investors today announced that it has recently completed seven transactions across Europe and Latin America. The office and retail deals combined value of more than €200 million and clearly underline Pramerica’s extensive global network of local experts. Pramerica is the European arm of the real estate investment and advisory business for the U.S.-based Prudential Financial, Inc. (NYSE:PRU).

Pramerica completed the transactions on behalf of investors in its special funds managed by Munich-based TMW Pramerica Property Investment GmbH. One disposition, Campus Verrazzano in Lyon, France, falls under Pramerica's Management Mandate for IVG to provide core real estate assets, which offer institutional investors the potential for quality income and capital appreciation.”

Acquisitions include:
- Am Handelshof 2-9, a 28,243 square meter retail park in Würzburg, Germany, anchored by two big box retailers, Media Markt and Hornbach.
- Torre Acuario, a Class A, mixed use building in Mexico City’s Santa Fe district. The 30,000 square-meter office-retail property is the first acquisition for a TMW Pramerica special fund investing in Mexico. Tenants include Group Modelo, brewer of Corona Extra.
- Raa Center, a 17,500 square meter retail park in Helsingborg, Sweden. The investment is fully let to 10 tenants; with an average maturity of 10.6 years guaranteeing a sustainable cash flow.

All of the dispositions are European offices and include:
- 11 Pilgrim Street, a 9,668 square meter office building in the City of London, which has been sold at 25 percent above the acquisition price two years ago.
- Karl-Wiechert-Allee, a 12,239 square meter office building in Hannover, Germany. The former headquarters of VHV Versicherungen is now owned by publishing house Heise, which will move all of its staff to the new facilities during the summer of 2011.
- Campus Verrazzano, a 5.522 square meter office building in Lyon, France, was sold to investment boutique Sofidy.

“One thing that differentiates Pramerica”, comments Eric Adler, CEO of Pramerica Europe, “is the breadth of knowledge of the local European markets that is a perfect complement for the deep knowledge in Latin America, the United States and Asia. The diversity of these particular deals is indicative of how this knowledge is paying off for investors.”

About Pramerica Real Estate Investors
Pramerica Real Estate Investors is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Parsippany, N.J., Pramerica has other offices in Atlanta, Chicago, Miami, New York, San Francisco, Lisbon, London, Luxembourg, Madrid, Munich, Paris, Abu Dhabi, Istanbul, Mexico City, Rio de Janeiro, Sao Paulo, Hong Kong, Singapore, and Tokyo; as well as representatives in Milan and Zurich. As of December 31, 2010, Pramerica managed approximately .6 billion in gross real estate assets (.5 billion net) on behalf of more than 490 clients worldwide. For more information, visit http://www.pramericarei.com.

About Pramerica Financial
Pramerica Financial is a trade name used by Prudential Financial, Inc., a company incorporated and with its principal place of business in the United States, and its affiliates in select countries outside the United States. PFI (NYSE: PRU), a financial services leader with approximately 4 billion of assets under management as of December 31, 2010, has operations in the United States, Asia, Europe, and Latin America. PFI’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., the company’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/ . PFI of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.