MGPA plans to launch a core plus special fund under German investment law for investments in Asia. Its main focus is to establish markets in Hong Kong, Japan, Malaysia, Singapore, South Korea and Taiwan.
Intended for German-speaking investors, the special fund’s goal is to raise €500 million in equity capital. It also aims to loan an amount equal to its equity capital, thereby achieving an investment volume of up to €1 billion.
Consequently, it will be invested in commercial property throughout the region and follow a core / core-plus strategy. Selinus Capital GmbH, which has been chosen as its exclusive distribution partner, will advise the special fund in structuring its product.
“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,” said Christian Schulte Eistrup, Managing Director of Capital Markets Europe at MGPA.
The independent private equity real estate advisor has been in operation since 1999 and employs more than 240 professionals worldwide, over 150 of whom are based in Asia.
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