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GIM, Prudential Financial’s global asset‑management arm, has reinforced its Australian real‑estate division by appointing two veteran professionals to newly created leadership roles that will accelerate growth in both debt and equity.

    Sam Mellor is now head of real‑estate debt in Australia, taking charge immediately. With 27 years in debt markets and portfolio management across Europe and the Asia‑Pacific, he will steer PGIM’s Australian debt strategy and oversee the portfolio‑management team. Mellor previously led Europe and Asia‑Pacific real‑estate credit at Barings Asset Management, where he expanded the firm’s European credit platform and launched its Asia‑Pacific real‑estate credit business. Earlier in his career he held senior positions at Chenavari Investment Managers and ABN AMRO Bank.

    Stuart Carr will assume the role of head of real‑estate equity in Australia in December 2025. Carr brings more than two decades of experience in Australian real‑estate development and transactions. He will manage the equity transaction team and drive origination, execution and divestment across the country. Most recently, Carr headed investment strategy and origination at Dexus, expanding its alternatives business and overseeing opportunistic fund deployment across multiple sectors. He also held senior roles at Lendlease.

    Both leaders are based in Sydney and report to Steve Bulloch, PGIM’s head of Australia and Asia‑Pacific real‑estate debt. Bulloch said, “Australia remains a key growth engine for PGIM’s real‑estate business in the region. Sam and Stuart’s expertise, capital relationships and leadership will strengthen our debt and equity capabilities and benefit the broader firm.”

    PGIM launched its first dedicated Australian real‑estate debt strategy last year, achieving strong deployment and building a robust pipeline. In the first three quarters of 2025, PGIM completed 17 Asia‑Pacific transactions worth nearly $1.9 bn, including nine in Australia across office, industrial, retail and living sectors. In Australia, five debt deals totaled AU$283 m, with four additional loans in documentation that will push total deployed debt over AU$500 m year‑to‑date. The equity side has invested AU$660 m in gross asset value this year.