30.04.2015
MPC Münchmeyer Petersen Capital AG DE000A1TNWJ4
DGAP-News: MPC Capital Steps up Student Housing Investments
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s):
Miscellaneous
MPC Capital Steps up Student Housing Investments
30.04.2015 / 08:59
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Press Release
MPC Capital Steps up Student Housing Investments
Hamburg-based asset and investment manager bolsters its market position in
micro-living segment
Hamburg, 30 April 2015 - MPC Capital has substantially expanded the
investment volume earmarked for its housing platform STAYTOO
(www.staytoo.de). This was announced by Rainer Nonnengässer, Head of the
Micro Living division of MPC Capital, on occasion of the event "Investment
and Development Trends: Student Housing in Germany" in Berlin today. Formed
in July 2014, the joint venture with Danish real estate investor Sparinvest
Property Investors will invest a total sum of up to 150 million euros in
Micro Living projects over the coming months. Their focus will be on German
campus towns. The Hamburg-based company is substantially expanding its
commitment in this line of business with the long-term goal of market
leadership in this sector.
Rainer Nonnengässer summarised the goal: "Our intention is to offer
students as well as young professionals affordable accommodation with
high-end amenities everywhere in Germany. What characterises our properties
is a mix of individuality and community. Within their apartments, residents
may cultivate their personal lifestyles, while the common-part areas (e.g.
a gym and a laundry lounge) give them ample opportunity for exchange. To
this end, we have developed a modern concept under the brand name STAYTOO
that cleverly combines several living areas."
The first two STAYTOO projects are now under development in Nuremberg and
Bonn, and will be ready for occupation by the 2016/2017 winter semester. In
addition, the Hamburg-based asset and investment manager is analysing
locations elsewhere in Germany. "It is important not to limit your
investments to major cities. The square-metre prices for existing flats
have increased considerably since 2009 - in some cities by up to 80
percent. The entry prices in metro areas like Berlin or Cologne are
therefore very high whereas rental yields tend to be rather low," as
Nonnengässer elaborated the current market situation. He went on to say:
"Accordingly, we are also keeping a close eye on the hidden champions among
Germany's campus towns. These include economically up-and-coming cities
with renowned universities such as Aachen or Bonn, for instance. They offer
a higher yield upside, comparatively speaking. Here, it is of the essence
to study micro-environments in order to avoid risks."
About MPC Capital AG (www.mpc-capital.de)
MPC Capital is an independent investment manager specialising in
tangible-based investments and their management in the three core areas of
real estate, maritime investments, and infrastructure. Since 1994, MPC
Capital has launched altogether 300 investment projects, realising tangible
assets in a total value of more than 19 billion euros.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 (40) 380 22-4347 Fax +49 (40) 380 22-4878
E-mail: [email protected]
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30.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: MPC Münchmeyer Petersen Capital AG
Palmaille 75
22767 Hamburg
Germany
Phone: +49 (0)40 380 22-0
Fax: +49 (0)40 380 22-4878
E-mail: [email protected]
Internet: www.mpc-capital.de
ISIN: DE000A1TNWJ4
WKN: A1TNWJ
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
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