Bullish PREI Has New Euro Leaders

LONDON-New leadership has taken the helm of Prudential Real Estate Investors‘ European and Asian operations. Raimondo Amabile and Andrew Radkiewicz have been tapped as co-heads of its European business, while Philip Barrett has been named chief risk officer.

The promotions reflect the bullish approach the Madison, NJ-based lender has for foreign markets. As David M. Durning, senior managing director of originations and agency lending for Pru Mortgage Capital, told GlobeSt.com in an exclusive interview recently, the banking woes that the Europe is facing spell opportunity for Pru and all lenders” “The bank pull-back is a perfect opportunity for senior lenders to broaden their trade in Europe,” he stated. “They’re a scarce commodity.”