European real estate specialist MNK Partners has launched MNK Global Core, a specialized professional fund under French law.
MNK Global Core targets a variety of Core (good location, good tenant) real estate assets across Europe and OECD countries, aiming for stability and reduced risk, and a target return exceeding 6% per year (not guaranteed). The fund prioritizes socially responsible investments.
The fund seeks to capitalize on the current real estate cycle by acquiring assets at attractive prices with increased accessibility to debt financing. It also anticipates medium-term capital appreciation due to potential future interest rate compression.
A portion (limited to 10% on average) is allocated to actively managed assets like listed real estate, technology themes, liquid securities, and term deposits. This strategy enhances overall liquidity, yield, and complements direct real estate investments.
MNK Global Core has a lifespan of 7 years, with a 3-year investment period. The fund also aims to achieve ISR labeling (a French sustainable investment standard) within 3 years.
Mansour Khalifé, president of MNK Partners, commented: ‘We anticipate an upward cycle resumption in the coming months with liquidity returning. MNK Global Core will employ a selective approach to assets meeting Core criteria. It was created to capture cycle recoveries in European countries and benefit from existing opportunities in markets beyond Europe, such as the United States, and already an exclusive deal on European assets which should materialize in the coming weeks.’
MNK Global Core is available to investors subscribing at least €100,000 and will be distributed through collective asset management companies, family offices, and private banks.
