DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Joint
Venture
BECKEN Group and MPC Capital AG establish real estate joint venture
09.03.2015 / 13:01
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BECKEN Group and MPC Capital AG establish real estate joint venture
Hamburg, 9 March 2015 - The real estate specialist BECKEN and the asset and
investment manager MPC Capital AG plan to collaborate more closely in the
German real estate market. To that end, the two Hamburg companies are
planning to set up a separate joint venture that will bring together the
core skills of both companies. The aim of the venture is the structuring of
regulated investment funds with a core / core plus investment strategy
focusing on office properties in Germany. Initial project ideas will
already be presented to institutional investors at the MIPIM real estate
show, which begins tomorrow (10 March 2015) in Cannes.
The BECKEN Group brings to the joint venture around 30 years of experience
in identifying and developing real estate projects in Germany's top seven
locations. MPC Capital, active in the asset and investment management area
for over 20 years, will contribute its structuring expertise and access to
institutional and private investors.
Dieter Becken, Managing Partner of BECKEN Holding, commented: "In
establishing the joint venture we are creating an investment platform that
will meet both the expectations of professional investors in terms of
returns and also the high quality standards required of real estate
projects."
Dr Roman Rocke, Management Board member of MPC Capital AG, added: "Demand
for investment opportunities among institutional investors is high.
Together with BECKEN, we deliver suitable investment targets of the right
size and focus."
About the BECKEN Group
For several decades the BECKEN Group, under the umbrella of BECKEN Holding
GmbH, has been focusing on highly specialised services and integrated
solutions along the entire real estate value chain. The core skills of the
BECKEN Group are asset management and real estate development. In its
capacity as asset manager, BECKEN for example teamed up with a joint
venture partner in 2014 to acquire a real estate portfolio of 109
properties with a value of EUR 400 million. BECKEN Development provides the
full range of project development and management services, with the focus
on residential and office properties as well as district development. It is
currently handling a further development volume of approx. EUR 400 million.
BECKEN, in conjunction with the HASPA Group, also acts as one of North
Germany's leading property managers following the merger of both companies'
property management activities under the auspices of HASPA HanseGrund at
the start of 2015.
About MPC Capital AG
MPC Capital AG is an independent investment manager specialising in real
asset investments and investment products, as well as their management and
administration, in the three core areas Real Estate, Maritime Investment
and Infrastructure. Since 1994 MPC Capital AG has launched over 300
investment projects with a total real-asset investment volume of more than
EUR 19 billion.
Contact
MPC Capital AG
Stefan Zenker
Leiter Investor Relations & Public Relations
Tel. +49 (40) 380 22-4347
Fax +49 (40) 380 22-4878
E-Mail: s.zenker@mpc-capital.com
BECKEN Holding GmbH
Nina Binné
Marketing & PR
Tel. + 49(40)23 7840-16
Fax +49(40) 23 69377
E-Mail: n.binne@becken-immobilien.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: kontakt@mpc-capital.com
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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331365 09.03.2015
DGAP-News: BECKEN Group and MPC Capital AG establish real estate joint venture
| Source: EQS Group AG