• PGIM’s Real Estate Investment Group formed an Australian joint venture with Assembly Funds Management to target high-quality retail real estate.
• The partnership agreed to acquire Ed.Square Town Centre in south-west Sydney for A$ 248 million as its seed asset.
• The platform will pursue retail assets with resilient income profiles, using an active asset management strategy to drive growth.
• The Ed.Square deal follows the groups’ joint acquisition of Woodgrove Shopping Centre in Melbourne’s west in September 2025.

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. PGIM Inc. published the original content used to generate this news brief on July 02, 2026, and is solely responsible for the information contained therein.