MPC Capital completes refinancing and expansion of the ABN Amro MeesPierson Real Estate Growth Fund
(firmenpresse) - (DGAP-Media / 04.07.2013 / 10:38)
Hamburg, July 4, 2013 - The Amsterdam-based Dutch subsidiary of MPC Capital
AG has announced the successful completion of the EUR 60m refinancing of
the ABN AMRO MeesPierson Real Estate Growth Fund N.V., which has laid the
foundation for future growth of the fund in the Dutch market for logistics
and light industrial properties. At the same time, the fund's real estate
portfolio was expanded significantly by the acquisition of the European
Distribution Center of Hitachi Data Systems in Zaltbommel (Netherlands) at
a price of around EUR 30m.
The 31,000 square meter Distribution Center of Hitachi Data Systems was
completed in May 2013 and is characterized by high energy efficiency,
making it one of the most modern and sustainable distribution centers in
the Netherlands. As the Distribution Center for Europe, the Middle East and
Africa (EMEA), the property plays a special role in the growth strategy of
Hitachi Data Systems in this region, and Hitachi will rent the property for
at least 15 years. The acquisition of the property is in line with the
investment criteria of the ABN Amro MeesPierson Real Estate Growth Fund,
which are geared to generating adequate and stable returns through active
management of a diversified high-quality portfolio of logistics and light
industrial assets.
The Dutch subsidiary of MPC Capital AG took over as fund manager of the ABN
Amro MeesPierson Real Estate Growth Fund in 2011. The fund is a non-listed
REIT and focused on the market for logistics and light industrial real
estate. The fund's property portfolio currently has an occupancy rate of
99.0%. After the acquisition of the Distribution Center of Hitachi Data
Systems, the total assets of the fund's property portfolio amount to almost
EUR 120 million. The fund was successfully refinanced by Austria's bank
Bawag PSK in combination with a private placement.
MPC Capital in the Netherlands
Headquartered in Amsterdam, MPC Real Estate Services B. V., the Dutch
subsidiary of MPC Capital AG, is a strategic real estate asset manager,
fund manager and investment manager. Since 1996, the company has
initiated, structured and managed projects for institutional and
international private investors in commercial real estate in the Benelux
countries. The portfolio managed by the Dutch subsidiary of MPC Capital AG
has a size of approx. EUR 1.5bn and is invested in over 700,000 square
meters of offices, shopping centers as well as logistics and light
industrial real estate. In 2011, the Dutch subsidiary of MPC Capital AG
won the management contract for ten real estate funds of Dutch bank ABN
AMRO MeesPierson, including the ABN Amro MeesPierson Real Estate Growth
Fund. MPC Real Estate Services B. V. is a wholly-owned subsidiary of
Hamburg-based MPC Capital AG.
MPC Capital AG
MPC Capital is a Hamburg-based German issuing house as well as a fund- and
asset-manager for investments in tangible assets. Since 1994 MPC Capital
develops, initiates and markets investments in tangible assets, which the
company manages actively across the product life-cycle in accordance with
retail and institutional investors' interests. By December 31, 2012, over
180,000 customers had invested approximately EUR 7.9 billion in a total of
326 capital investment products. The aggregate investment volume amounts to
approximately EUR 19.0 billion. MPC Capital is listed in the Entry Standard
of the Deutsche Börse in Frankfurt, Germany.
End of Media Release
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Issuer: MPC Münchmeyer Petersen Capital AG
Key word(s): Real estate
04.07.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.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(at)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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219834 04.07.2013
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Datum: 04.07.2013 - 10:38 Uhr
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News-ID 275658
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