The real estate investment unit of Prudential has announced the appointment of a new country head for Japan.
PGIM Real Estate appoints David Fassbender as country head of Japan, according to a statement. He will retain his current role as senior portfolio manager of Asia Pacific value-added strategies.
Fassbender has more than 20 years of real estate experience and he first joined PGIM Real Estate in 2002. He was previously the Singapore-based head of Southeast Asia for the business.
Data Center Investments
Fassbender replaces Morgan Laughlin, who is transitioning into an advisory role for the real estate business in Japan and will be fully dedicated to his role as global head of data center investments. Both Fassbender and Laughlin will remain on the PGIM Real Estate APAC executive council and investment committee.
PGIM Real Estate is a business of PGIM, Prudential’s investment management arm. As of 30 June 2023, PGIM Real Estate had $210 billion in gross assets under management and administration.
