CBRE

Recorded in London, this discussion with&nbsp;Raimondo Amabile, Co-CEO &nbsp;of PGIM Real Estate, focuses on RealAssetX—the company's innovation lab that's leveraging AI to improve building operations and asset performance. Key Takeaways:&nbsp;·&nbsp;PGIM Real Estate’s RealAssetX lab is focused on transforming real estate investing through AI, sustainability and operational efficiency, signaling a shift from traditional asset management to tech-enabled value creation.&nbsp;·&nbsp;Investors are reallocating capital to Europe and Asia, reflecting a broader trend toward geographic diversification and shifting regional macroeconomic confidence.&nbsp;·&nbsp;Applications of AI in building systems, such as HVAC optimization, are delivering significant energy savings, demonstrating the potential for improved net operating income (NOI) and sustainability.&nbsp;·&nbsp;New AI tools are being developed to estimate embodied carbon at scale, positioning sustainability as a core factor in asset valuation and investment strategy.&nbsp;·&nbsp;Rental housing, logistics, data infrastructure and real estate credit are key areas of investor focus, while office assets require a highly selective, value-add approach.

Raimondo Amabile is the co-chief executive officer and global chief investment officer of PGIM Real Estate. Ray is based in London.

PGIM Real Estate is one of the largest real estate investment managers in the world, offering a broad range of real estate equity, real estate debt, agriculture and sustainable investment strategies globally.

As co-CEO, Ray develops and leads the global strategy and has oversight across the PGIM Real Estate businesses. In his role as global CIO, he oversees the macro investment strategy globally, focusing on broad thematic trends that will connect directly to the regional investment strategies, as well as connecting PGIM Real Estate’s proprietary data, market insights and research with new technological innovations.  In addition, Ray is co-chair of the board of directors of RealAssetX, PGIM Real Estate’s innovation lab aimed at accelerating advancement in the real asset industry.

Previously, Ray was head of Europe and Latin America, and earlier was head of European Transactions. Before joining PGIM Real Estate, Ray was managing director and head of European business development for Tishman Speyer. Earlier, he led operations for Southern and Eastern Europe. Prior to Tishman, Ray was a founding partner at Realty Partners, an independent fund management firm in Italy. He also was a vice president at Morgan Stanley Real Estate and was a senior associate with GE Capital Real Estate’s European acquisitions team.

Ray has a bachelor’s degree in civil engineering from the University of Naples and a Ph.D in real estate investment and finance from University of Padova.


Raimondo Amabile

 Co-Chief Executive Officer & Global Chief Investment Officer, PGIM Real Estate

For Tomorrow: PGIM's Co-CEO on the Future of Real Estate Investment

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