07.09.2016
MPC Münchmeyer Petersen Capital AG DE000A1TNWJ4
DGAP-News: MPC Capital expands portfolio in the Netherlands and Germany
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Real Estate
MPC Capital expands portfolio in the Netherlands and Germany
07.09.2016 / 11:41
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press Release
MPC Capital expands portfolio in the Netherlands and Germany
- Acquisition of 10 grocery-anchored retail assets with a total volume of
around EUR 60 million
- Expansion of Dutch-German real estate fund for logistics and light
industrial from EUR 115 million to around EUR 150 million
Hamburg / Amsterdam, 7 September 2016 - The Dutch subsidiary of the Hamburg
asset and investment manager MPC Capital AG, Cairn Real Estate ("Cairn"),
has significantly enlarged its portfolio. In implementing two projects in
the Dutch and German commercial real estate market, Cairn increases its
managed volume by almost EUR 100 million. MPC Capital is involved in both
transactions as co-investor.
Creation of a portfolio for retail properties
In a joint venture with the private investment firm AT Capital Group, Cairn
has acquired a portfolio of ten supermarket-anchored retail assets for
local supply in the Netherlands. The portfolio, with gross retail space of
around 27,500 m2, was acquired for EUR 60 million. The bulk of the
properties are classified as CORE properties. For a further portion, Cairn
intends to gain added value through targeted improvements to the building
quality and tenant structure. Approximately 98 % of the space is let to
high value clients including supermarket chains such as Albert Heijn, Aldi,
EMTE and Jumbo.
Cairn anticipates a consistently stable development in demand from the
local supply of everyday items via supermarkets, drugstores and bakeries.
Over the past eight years, supermarket revenues in the Netherlands have
grown by around 2.5 % per annum.
Taking a long-term strategic partnership with AT Capital Group as the
basis, the plan is to expand the portfolio through further acquisitions of
individual properties and links with additional property portfolios. For
that purpose a new joint venture was set up called Dutch REAM BV.
Expansion of the "Real Estate Growth Fund" for logistics & light
industrials
The second project is an addition to the existing "Real Estate Growth
Fund", a Dutch special AIF for professional investors originally launched
by ABN AMRO MeesPierson. Cairn took over the management of the fund 4 years
ago. The fund is already invested in properties in the logistics and light
industrial sector in the Netherlands, with a total volume of around EUR 115
million. By way of a capital increase, four further properties have now
been brought into the fund. This now takes the total volume of the fund up
to EUR 150 million.
With this increase in fund volume, Cairn and MPC Capital have expanded the
investment strategy of the fund to the German market: three of the four new
properties are in western and northern Germany, the fourth is based in the
Netherlands. A further regional diversification of the fund portfolio into
other selected European countries is envisaged. The volume of the logistics
and light industrial fund is to be increased to EUR 300 to 400 million in
the medium term.
"In realising this transaction, we have further strengthened our leading
position in the Dutch market for commercial real estate," remarked Dr Roman
Rocke, Management Board member of MPC Capital AG. "Meanwhile we are laying
the foundations for the expansion of our investment strategies. We are
concentrating on market niches that profit from shifting consumer
behaviour. Everyday items that aren't really suitable for sourcing over the
increasingly popular channel of online shopping need to be available
ideally at your local supermarket or bakery. In turn, the growth of online
shopping creates a need for additional logistics structures and regional
distribution centres."
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 240 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347
Fax +49 40 38022-4878
e-mail: [email protected]
---------------------------------------------------------------------------
07.09.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
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 (Entry Standard) in Frankfurt
End of News DGAP News Service
---------------------------------------------------------------------------
499607 07.09.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
MPC Münchmeyer Petersen Capital AG ISIN: DE000A1TNWJ4 können Sie bei EQS abrufen
Finanzdienstleistungen , A1TNWJ , MPCK , XETR:MPCK