Private equity real estate adviser MGPA said on Thursday it has raised EUR 85 mln from three German institutional investors at the first close of its Asian special fund.
Private equity real estate adviser MGPA said on Thursday it has raised EUR 85 mln from three German institutional investors at the first close of its Asian special fund.
MGPA Asien Spezialfonds is a yield-focused, core-plus product regulated by the German Investment Act. It is intended primarily for institutional investors in German-speaking countries seeking exposure to Asia-Pacific real estate markets. The fund’s investment focus is on established markets such as Japan, Australia, Hong Kong, Singapore and Malaysia.
'The most interesting markets at present for creating low-risk real estate returns are in Japan, Australia and Hong Kong, driven by macroeconomic and real estate market dynamics. As always, the keys to success will be large, experienced teams on the ground and expert local knowledge,' commented John Saunders, MGPA's CEO for Asia.
MGPA has operated in Asia since 1999 and maintains a substantial real estate organisation in the region, with seven offices and over 150 employees.
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