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MarketScreener Homepage  >  Equities  >  Xetra  >  MPC Muenchmeyer Petersen Capital AG    MPCK   DE000A1TNWJ4

MPC MUENCHMEYER PETERSEN CAPITAL AG

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MPC Muenchmeyer Petersen Capital : Capital launches new commercial real estate platform

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06/05/2019 | 06:05am EDT

DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Miscellaneous
MPC Capital launches new commercial real estate platform

05.06.2019 / 12:00
The issuer is solely responsible for the content of this announcement.


Press release

MPC Capital launches new commercial real estate platform

- 'InTheCity' investment platform will follow MPC Capital's existing office strategy in the Netherlands
- The seed portfolio consists of eight assets that were initially acquired in 2016 under a redevelopment mandate

Hamburg/Amsterdam, 5 June 2019 - MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4) has launched a new commercial real estate platform called 'InTheCity'. The platform will be run by MPC Capital's Dutch subsidiary, Cairn Real Estate, and initially consists of eight assets, valued at around EUR 120 million.

The platform will follow Cairn Real Estate's office strategy that focuses on assets located in close proximity to major transport hubs in strong regional cities in the Netherlands. These assets must also be highly sustainable, offer flexibility to tenants and have a focus on employee well-being.

The seed portfolio consists of eight assets that were initially acquired by Cairn Real Estate in 2016 under a redevelopment mandate. The assets were originally from the former 'Transit' portfolios and have yielded a strong return for the initial investors.

The properties total roughly 63,000 sqm of office space and are located in Groningen, Leeuwarden, Zwolle, Utrecht, Amersfoort, Schiedam and Haarlem. All office space is fully let with leases set to run for another five years.

Maarten Briet, Managing Director at Cairn Real Estate: "We are seeing a clear increase in demand for office space that is easily accessible by public transport. This is paired with a growing demand from tenants for attractive amenities and a lively, inspiring work environment for their employees. The properties that have been rolled over into the new platform meet these standards very well. Given the quality of the assets, the profile of the tenants and the potential to further improve the properties in the area of health and well-being, we believe this to be a very interesting long-term strategy."

About MPC Capital AG (www.mpc-capital.com)
MPC Capital AG is an internationally active asset and investment manager specialising in real asset investments. Together with its subsidiaries, the company develops and manages 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 300 employees group-wide.

Media contacts
MPC Capital AG
Stefan Zenker, Head of Investor Relations & Public Relations
Email s.zenker@mpc-capital.com
Phone +49 40 38022-4347img

Montieth & Company
Zarna Patel / Charles Font / Kathrin Schindler
Email zpatel@montiethco.com / cfont@montiethco.com / kschindler@montiethco.com
Phone +44 020 3865 1947img



05.06.2019 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: kontakt@mpc-capital.com
Internet: www.mpc-capital.de
ISIN: DE000A1TNWJ4
WKN: A1TNWJ
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 819701

 
End of News DGAP News Service

819701  05.06.2019 

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© EQS 2019
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Sales 2019 44,7 M
EBIT 2019 -6,55 M
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