Laura Denenga and Juergen Helm join European debt team of PGIM Real Estate
Laura Denenga and Juergen Helm join European debt team of PGIM Real Estate
PGIM Real Estate has bolstered its European debt team with the appointment of two senior origination professionals for real estate debt.
Based in Frankfurt, Juergen Helm joins as Lead Originator responsible for helping grow the European debt platform by developing new business and loan originations across key European markets. Helm reports to Andrew Macland, Head of European Debt at PGIM Real Estate, effective immediately.
In London, Laura Denenga has been appointed as an Originator to further drive the debt platform’s European origination efforts, and reports to Duncan Pearson, Lead Originator at PGIM Real Estate in London, effective immediately. Denenga is responsible for sourcing and closing senior and whole loans, as well as mezzanine and preferred equity funding.
Helm and Denenga will support the European team’s efforts in underwriting and execution of European debt transactions, whilst reinforcing PGIM Real Estate’s local sourcing capability.
Macland comments: “Demand for real estate debt is steadily growing and these two key origination appointments will help us meet that demand as we further position ourselves for future growth. These appointments also reinforce our strategic commitment to strong borrow-focussed market coverage – Juergen and Laura each bring with them an impressive track record and deep local knowledge, and we are thrilled to welcome them to the team.
Current market conditions have sped up the trend we saw after the financial crisis of banks lending less. This presents a significant opportunity for lenders such as ourselves who are able to provide vital financing. With our focus on ‘create core’ real estate assets, we are able to continue to offer bespoke and creative solutions to our borrowers across a range of whole loans, mezzanine and preferred equity investments.”
Helm joins from HSBC Germany, where he was head of real estate Germany, focusing on the financing of large real estate transactions within the country and CE. Helm has more 30 years of experience, with prior roles at SEB , HypoVereinsbank and Dresdner Bank.
Denenga joins from Allianz Real Estate, where she was responsible for the origination and execution of senior commercial real estate loans across Europe. Prior to this, Denenga held roles at Maslow Capital and Quadarant Real Estate Advisors.
Since first establishing PGIM Real Estate’s European debt platform over 10 years ago, the team has invested €13.1bn across 10 European markets, offering high yielding investments and both fixed and floating-rate senior loans*.
* As at 15 September 2022