DGAP-News: MPC Münchmeyer Petersen Capital AG
/ Key word(s): Miscellaneous
Press Release MPC Capital: ESG Core residential real estate fund increases equity volume to over EUR 140 million - Institutional investors invest further equity Hamburg, December 6, 2021 - Hamburg-based asset and investment manager MPC Capital has attracted new institutional investors for ESG Core Wohnimmobilien Deutschland fund. In a second closing, a total of EUR 66 million was raised for the open-ended special AIF (Alternative Investment Fund). This increases the equity base of the fund, which focuses on sustainable residential projects, to more than EUR 140 million. On this basis, the total volume is expected to amount to approximately EUR 300 million in the future and will be invested in real estate projects that meet a comprehensive catalog of sustainability criteria. ESG Core Wohnimmobilien Deutschland was launched in December 2020 together with Universal-Investment as service capital management company. Dr. Ludwig Vogel, Managing Director Real Estate at MPC Capital: "We are very pleased about the great interest of institutional investors in our fund. It shows that we have hit the mark with our concept. The demand for residential real estate remains high and will continue to be high against the backdrop of the undersupply of living space with decreasing household sizes. We are convinced that we can offer good added value for our investors with our focus on particularly sustainable real estate in this area." Asset selection based on ESG scoring model For example, the locations and properties considered for purchase must meet specific requirements measured in terms of energy, social and corporate ethics. These include, among others, the overfulfillment of energy standards, the integration of mobility concepts or the share of subsidized and barrier-reduced housing. Due to the high requirements for energy standards, new buildings are the main candidates. The ESG Core Wohnimmobilien Deutschland fund is one of the first financial products in the real estate asset class in Germany to be approved as a financial product under Article 8 of the Disclosure Regulation. The EU Sustainable Finance Disclosure Regulation (SFDR), which came into force in March 2021, is intended to lead to greater transparency in the European market for financial products with regard to sustainability issues. As so-called Article 8 products, such funds will be certified that, among other things, take into account environmental and social characteristics as well as good corporate governance (ESG). Portfolio consists of three properties so far About MPC Capital (www.mpc-capital.com) About Universal-Investment (www.universal-investment.com) Contact
06.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1254112 |
End of News | DGAP News Service |
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1254112 06.12.2021
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