Macquarie Global Property Advisors (MGPA) has opened a new office in Paris to strengthen its presence in Europe where it has been increasingly active in recent years. Its MGP Fund II, an umbrella fund for two funds investing in Asia and Europe, closed in September 2005 with equity commitments of $1.3 bn (EUR 1 bn). A third of this sum was weighed in MGP Europe Fund II, comprising 11 properties in seven countries across Europe.
Macquarie Global Property Advisors (MGPA) has opened a new office in Paris to strengthen its presence in Europe where it has been increasingly active in recent years. Its MGP Fund II, an umbrella fund for two funds investing in Asia and Europe, closed in September 2005 with equity commitments of $1.3 bn (EUR 1 bn). A third of this sum was weighed in MGP Europe Fund II, comprising 11 properties in seven countries across Europe.
Since then, MGPA has carried out seven investments in Europe involving 21 office, logistics and residential properties for a total investment of EUR 928 mln.
'Our vision of the real market in continental Europe is very positive and we continue to observe interesting opportunities in several areas and in various sectors,' said Jim Skittle, general manager of MGPA. The company has offices in London, Luxembourg, Bermuda, Hong-Kong, Tokyo, Seoul and Kuala Lumpur. MGPA announced recently it is opening an office in Frankfurt, Germany.
