(DGAP-Media / 09.07.2014 / 09:09)
MPC Capital expands student housing platform and launches joint venture
with Sparinvest
Hamburg, 9 July 2014 - MPC Capital has set up a joint venture with the
Danish property investor Sparinvest for which multiple student housing
facilities will be developed in Germany. After the MPC Deutschland 11
retail fund launched in 2011, which invested in four student housing
facilities run by a third-party operator, the Hamburg investment and asset
manager MPC Capital is now establishing its own development and operating
platform.
The joint venture will invest in properties at various attractive
university locations in Germany. The property specialists from MPC Capital
will handle the project development and management themselves. Rainer
Nonnengässer, a proven expert for student housing in Germany, is heading
the platform.
MPC Capital discovered the appeal of the market for student housing at an
early stage and in 2011 set up a fund for private investors that invested
in student housing at several locations in Germany. In light of rising
participation in education and growing internationalisation, the forecasts
for long-term development in student figures are positive; around 2.5
million students in Germany are projected for 2025. At the same time, there
is growing demand - which will already exceed supply for some time - for
small-scale living space on account of the trend towards living alone.
"Our concept is built on convenient, efficient and affordable living space
- and therefore satisfies the requirement structure for broad student
groups," explained Rainer Nonnengässer.
"We are happy to form a student housing platform with Sparinvest, where
both parties are significant investors" said Director of Products and
Sales, Dr. Roman Rocke, of the transaction. "Sparinvest acknowledged our
team's specialisation in this niche sector in which we offer the full value
chain from a single source, from structuring and project development to the
operation and sale of the properties. The investment decision was preceded
by extensive due diligence by Sparinvest."
Sparinvest invests on behalf of their third global fund, Sparinvest
Property Fund III, which has just announced a final close of EUR 317
million in total committed capital from a group of leading pension funds,
foundations and family offices.
MPC Capital AG
MPC Capital (ISIN DE000A1TNWJ4/WKN A1TNWJ) is a Hamburg-based investment
and asset manager for real asset investments. Since 1994, MPC Capital has
developed, initiated and sold real asset investments that it actively
supports as a fund manager throughout the product cycle in the interests of
private and institutional investors. To date, more than 180,000 customers
have invested a total of around EUR 7.9 billion in 326 MPC Capital
investment products. The total investment volume since the company was
founded amounts to around EUR 18.9 billion. MPC Capital AG is listed in
Deutsche Börse's entry standard in Frankfurt.
www.mpc-capital.com
Sparinvest Property Investors
Sparinvest Property Investors (SPI) was established in 2005 with the aim to
provide investors with exposure to real estate through carefully selecting
local partners in the Americas, Europe and Asia. SPI manages three funds
with total commitments of approximately EUR 1 billion.
SPI's team consists of 11 dedicated professionals with vast experience in
property investment and management, corporate finance and private equity.
SPI is owned by its three leading partners and Sparinvest.
www.property.sparinvest.dk
Contact
MPC Capital AG
Public Relations
Tel +49 (40) 38022-4347
Fax +49(40) 38022-4878
E-mail presse@mpc-capital.com
This is non-binding PR information.
End of Media Release
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Issuer: MPC Münchmeyer Petersen Capital AG
Key word(s): Real estate
09.07.2014 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
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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: kontakt@mpc-capital.com
Internet: www.mpc-capital.de
ISIN: DE000A1TNWJ4
WKN: A1TNWJ
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Frankfurt in Open Market (Entry
Standard)
End of News DGAP-Media
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DGAP-Media: MPC Münchmeyer Petersen Capital AG: MPC Capital expands student housing platform and launches joint venture with Sparinvest
| Source: EQS Group AG