20.07.2016
MPC Münchmeyer Petersen Capital AG DE000A1TNWJ4
DGAP-News: MPC Capital starts second micro living project in Berlin
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Real Estate
MPC Capital starts second micro living project in Berlin
20.07.2016 / 13:17
The issuer is solely responsible for the content of this announcement.
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MPC Capital starts second micro living project in Berlin
Hamburg/Berlin, July 20, 2016 - Hamburg based asset and investment manager
MPC Capital is planning a second project in Berlin for its micro living
platform STAYTOO (www.staytoo.de). MPC Capital acquired an office building
on a 1,231 sqm site in Leibnizstrasse in the district of Berlin-
Charlottenburg. The conversion of the existing property starts this year
and shall be completed in spring 2018. The area of the new STAYTOO site
offers both a number of academic institutions, including TU Berlin and the
Berlin University of Arts, as well as major employers such as Siemens,
Beiersdorf and Deutsche Telekom.
"Located in the Charlottenburg district, our new project is not only
suitable for student accommodation but also for business apartments,"
commented Rainer Nonnengässer, Head of Micro Living at MPC Capital. "Our
STAYTOO concept consolidates flexible options for use meeting a range of
demands for compact living solutions."
With the acquisition of the sixth project of the STAYTOO platform, funds of
the Special AIF* "MPC Student Housing Venture I" have been almost fully
invested. "With room for another one or two projects, our first
institutional micro living fund will then have fully invested its capital
in the development of micro apartments", Nonnengässer stated.
Currently five more STAYTOO projects in Berlin-Kreuzberg, Nuremberg, Bonn,
Kaiserslautern and Leipzig, totaling almost 1,000 apartments, were started.
Bonn and Nuremberg are the first STAYTOO apartment locations to open in
autumn 2016.
*AIF: Alternative Investment Fund
About MPC Capital AG (www.mpc-capital.de)
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 240 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347
e-mail: [email protected]
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20.07.2016 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.
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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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484307 20.07.2016
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