21.03.2017
MPC Münchmeyer Petersen Capital AG DE000A1TNWJ4
DGAP-News: MPC Capital subsidiary Cairn Real Estate sells office complex
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Real
Estate/Disposal
MPC Capital subsidiary Cairn Real Estate sells office complex
21.03.2017 / 12:56
The issuer is solely responsible for the content of this announcement.
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MPC Capital subsidiary Cairn Real Estate sells office complex
Cairn Real Estate completes repositioning of 'La Guardia' office complex in
Amsterdam and sells to an international investor for a price of more than
EUR 130m
Hamburg/Amsterdam, 21 March 2017 - Asset and investment manager Cairn Real
Estate, the Dutch subsidiary of German asset and investment manager MPC
Capital AG, has sold the 'La Guardia' office complex in Amsterdam to an
international institutional core investor. The disposal marks the first exit
in the company's strategy of repositioning good quality office buildings
executed on behalf of an institutional investor. The IRR (internal rate of
return) of the project is around 23% post tax.
Office complex La Guardia is strategically located in the Amsterdam
Sloterdijk area and consists of four buildings with a total floor space of
about 64,000 m². After acquiring the complex in the summer of 2014, Cairn
Real Estate repositioned the entire complex from a single tenant complex to
a lively, multi-tenant working environment. The location has undergone
extensive renovations, among others in the entrance area and central Plaza
connecting the buildings, so tenants can use a wide range of additional
services, such as coffee and salad bars in an attractive campus setup.
Maarten Briët, Managing Director at Cairn Real Estate: "La Guardia is
exemplary of our vision to add true and long term value to the real estate
sector and at the same time to generate attractive returns for institutional
and private international investors. We focus on developing office spaces in
ideally located areas where infrastructure programs improve accessibility
and attraction to leading international companies looking to establish
themselves in the Amsterdam area. It is not only about developing attractive
office spaces, it is also about co-designing the entire context of the
building, creating an inviting urban area that facilitates working, living,
shopping and leisure."
The complex offers excellent access to private and public transport, is
located right next to the Sloterdijk intercity station and in close vicinity
to the A10 and A5 motorways.
Tenants in the La Guardia complex include Monsanto, Booking.com, KLAP,
Maruboshi and SoftwareONE.
About MPC Capital AG
MPC Capital AG is an independent asset and investment manager for real asset
investments. Together with its subsidiaries, the company develops and
manages real asset investments and investment products for international
institutional investors, family offices and professional investors. Its
focus is on the asset categories Real Estate, Shipping and Infrastructure.
MPC Capital AG has been quoted on the stock exchange since 2000 and has
around 250 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347 [IMAGE]
e-mail: [email protected]
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21.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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, Tradegate Exchange;
Open Market (Scale) in Frankfurt
End of News DGAP News Service
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556293 21.03.2017
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