MPC Capital: the residential real estate fund ESG Core increases its volume of equity to more than 140 million euros


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DGAP-News: MPC Münchmeyer Petersen Capital AG / Keyword (s): Miscellaneous

MPC Capital: the residential real estate fund ESG Core increases its volume of equity to more than 140 million euros

06.12.2021 / 07:30
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Press release

MPC Capital: the residential real estate fund ESG Core increases its volume of equity to more than 140 million euros

– Institutional investors invest more equity
– Total investment volume of around 300 million euros
– Growing demand for residential real estate in Germany

Hamburg, December 6, 2021 – Hamburg-based asset and investment manager MPC Capital has attracted new institutional investors to ESG Core Wohnimmobilien Deutschland funds. During a second closing, a total of 66 million euros was raised for the special alternative investment fund with variable capital.

This brings the fund’s capital base, which focuses on sustainable residential projects, to over € 140 million. On this basis, the total volume is expected to amount to around 300 million euros in the future and will be invested in real estate projects that meet a full catalog of sustainability criteria. ESG Core Wohnimmobilien Deutschland was launched in December 2020 with Universal-Investment as a service capital management company.

Dr. Ludwig Vogel, Managing Director of Real Estate at MPC Capital: “We are very pleased with the great interest of institutional investors in our fund. This shows that we hit the mark with our concept. Demand for residential real estate remains high and will continue to be so in a context of under-supply of space housing with decreasing household sizes. We are convinced that we can offer good added value to our investors by focusing on particularly sustainable real estate in this area. “

Asset selection based on the ESG rating model
The fund’s central investment criterion is to build a sustainable residential real estate portfolio. A rating model developed specifically for this fund is used to identify target properties that meet a number of quantitative and qualitative sustainability criteria.

For example, locations and properties considered for purchase must meet specific requirements measured in terms of energy, social and corporate ethics. These include, among others, exceeding energy standards, integrating mobility concepts or the proportion of subsidized housing with reduced barriers. Due to the high demands on energy standards, new buildings are the main candidates.

The ESG Core Wohnimmobilien Deutschland The 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’s Public Financial Disclosure Regulation (SFDR), which entered into force in March 2021, aims to increase the transparency of the European financial products market with regard to sustainability issues. As so-called article 8 products, these funds will be certified which, among other things, take into account environmental and social characteristics as well as good corporate governance (ESG).

The portfolio consists of three properties to date
Currently the fund is invested in three properties in the metropolitan areas of Hamburg and Frankfurt as well as in Münster. The pipeline comprises properties with an investment volume of 10 million euros or more that are located either in metropolitan areas or in medium and large cities of 100,000 inhabitants or more and a positive demographic development forecast. The energy standard must reach at least KfW 55.

About MPC Capital (www.mpc-capital.com)
MPC Capital AG is an internationally active asset and investment manager specializing in investments in real assets. Together with its subsidiaries, the company develops and manages investment products for international institutional investors, family offices and professional investors. It focuses on the Real Estate, Transport and Infrastructure asset classes. MPC Capital AG has been listed on the stock exchange since 2000 and has around 200 employees across the group.

About Universal-Investment (www.universal-investment.com)
The Universal-Investment group is one of the main European fund management services and Super ManCos with approximately 710 billion euros, more than 1,900 mutual and special fund mandates and more than 1,000 employees at the sites of Frankfurt am Main, Luxembourg, Luxembourg, Dublin and Krakow. Founded in 1968, the company is an independent platform offering fund initiators and institutional investors structuring and administration solutions as well as risk management for securities, real estate and alternative investments. The companies UI Labs, UI Enlyte and CAPinside complete the group’s innovative service offering. The company is a signatory of the United Nations Principles of Responsible Investment and a member of the Forum Nachhaltige Geldanlagen e. V. (Forum on sustainable investment). (as of September 30, 2021)

Contact
MPC Capital SA
Stefan Zenker, Gabriele Gottschalk
Investor Relations and Corporate Communication
Phone. +49 (40) 380 22-4200
Email: pre[email protected]

06.12.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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