The independent private equity real estate advisor MGPA, which has won several awards in recent years for its Asian real estate activities, intends to launch a core plus special fund under German investment law, aimed at making investments in the Asian region.
The focus will be on established markets such as Hong Kong, Singapore, Malaysia, South Korea, Japan and Taiwan. MGPA has operated in Asia since 1999 and has a substantial organizational structure in the region, with six offices and over 150 employees.
The planned special fund is intended primarily for German-speaking institutional investors. The intention is to raise up to 500 million in equity capital. The special fund will also be able to borrow an amount equivalent to its equity capital and thereby reach an investment volume of up to 1 billion.
The fund will be invested in commercial property in Asia and follow a core/core+ strategy. MGPA will be advised on structuring the product by Selinus Capital GmbH. Selinus has been selected as the exclusive distribution partner for the German-speaking area.
"With the planned fund structure we want to offer German institutional investors the opportunity to invest in Asian real estate via the acknowledged vehicle of a German special fund and to make use of MGPA's Asian expertise at the same time," explained Christian Schulte Eistrup, MGPA's Managing Director of Capital Markets Europe, discussing the launch of the Asian property fund.
MGPA has been active in institutional real estate markets for 12 years. The company has offices in ten Asian and European countries and a total of over 240 employees, of whom more than 150 are based in Asia.
Source: Citigate Dewe Rogerson