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MPC Münchmeyer Petersen Capital AG
Regulatory Filings • Jul 20, 2016
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Corporate | 20 July 2016 13:17
MPC Capital starts second micro living project in Berlin
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Real Estate
2016-07-20 / 13:17
The issuer is solely responsible for the content of this announcement.
MPC Capital starts second micro living project in Berlin
Hamburg/Berlin, July 20, 2016 – Hamburg based asset and investment manager MPC Capital is planning a second project in Berlin for its micro living platform STAYTOO ( www.staytoo.de ). MPC Capital acquired an office building on a 1,231 sqm site in Leibnizstrasse in the district of Berlin-Charlottenburg. The conversion of the existing property starts this year and shall be completed in spring 2018. The area of the new STAYTOO site offers both a number of academic institutions, including TU Berlin and the Berlin University of Arts, as well as major employers such as Siemens, Beiersdorf and Deutsche Telekom.
“Located in the Charlottenburg district, our new project is not only suitable for student accommodation but also for business apartments,” commented Rainer Nonnengässer, Head of Micro Living at MPC Capital. “Our STAYTOO concept consolidates flexible options for use meeting a range of demands for compact living solutions.”
With the acquisition of the sixth project of the STAYTOO platform, funds of the Special AIF* “MPC Student Housing Venture I” have been almost fully invested. “With room for another one or two projects, our first institutional micro living fund will then have fully invested its capital in the development of micro apartments”, Nonnengässer stated.
Currently five more STAYTOO projects in Berlin-Kreuzberg, Nuremberg, Bonn, Kaiserslautern and Leipzig, totaling almost 1,000 apartments, were started. Bonn and Nuremberg are the first STAYTOO apartment locations to open in autumn 2016.
*AIF: Alternative Investment Fund
About MPC Capital AG ( www.mpc-capital.de )
MPC Capital AG is an independent asset and investment manager for real asset investments. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 240 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347 
e-mail: [email protected]
2016-07-20 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| 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: | [email protected] |
| Internet: | www.mpc-capital.de |
| ISIN: | DE000A1TNWJ4 |
| WKN: | A1TNWJ |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |