MGPA makes first close of Asian real estate special fund for German institutional investors
07 September 2012
News, Asia, Europe, Germany
Independent private equity real estate advisor MGPA has announced the first close of MGPA Asien Spezialfonds with commitments of EUR85 million (US$107.1 million) from three German institutional investors.
MGPA Asien Spezialfonds is a yield focused core-plus product regulated by the German Investment Act. It is intended primarily for institutional investors in German-speaking countries seeking exposure to Asia-Pacific real estate markets, with an investment focus on established markets such as Japan, Australia, Hong Kong, Singapore and Malaysia. MGPA has operated in Asia since 1999 and maintains a substantial real estate organisation in the region, with seven offices and over 150 employees.
MGPA Asien Spezialfonds offers institutional investors the opportunity to invest in Asian real estate via a recognised German regulated product structure while leveraging MGPA’s extensive platform and expertise in Asia. The target equity capital of MGPA Asien Spezialfonds is EUR500 million.
“The most interesting markets at present for creating low risk real estate returns are in Japan, Australia and Hong Kong, driven by macroeconomic and real estate market dynamics. As always, the keys to success will be large, experienced teams on the ground and expert local knowledge” commented John Saunders, CEO – Asia for MGPA.
“MGPA Asien Spezialfonds will target attractive, income-producing investments with asset management potential, especially in the office and retail sectors. Annual distributions to investors and longer-term capital growth potential are key pillars of the investment strategy” explained Christian Schulte Eistrup, MGPA’s managing director of capital markets – Europe, discussing the launch of the Asian property fund.
Universal-Investment is the capital investment company (KAG) for MGPA Asien Spezialfonds. Universal-Investment provides the regulated German fund structures for the Spezialfonds, securing compliance with supervisory and regulatory requirements at investor and fund level, bridging asset management specialised competencies with German investor needs. “With its focus on structure, administration, risk controlling, accounting and reporting for German investors, we are pleased to be working with Universal-Investment as a strong partner for MGPA Asien Spezialfonds,” commented Mr. Saunders.
Selinus Capital GmbH is MGPA’s exclusive distribution partner for MGPA Asien Spezialfonds in Germany, Switzerland and Austria.
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