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MPC Münchmeyer Petersen Capital AG
Regulatory Filings • May 19, 2016
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Corporate | 19 May 2016 08:30
MPC Capital develops micro-apartments in Berlin
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Real Estate
2016-05-19 / 08:30
The issuer is solely responsible for the content of this announcement.
MPC Capital develops micro-apartments in Berlin
– Fifth location for STAYTOO micro-apartments
– Completion planned for 2017/2018 winter semester
Hamburg/Berlin, May 19, 2016 – The Hamburg asset and investment manager MPC Capital is developing the fifth micro-apartment complex for its student housing platform STAYTOO ( www.staytoo.de ) in the capital Berlin. In collaboration with HD Projektentwicklungs GmbH, it is creating around 150 apartments for students on an approx. 900m² site on Dudenstrasse, in the lively Kreuzberg district. The seven-storey building houses a total floor area of approx. 2,800 m². Completion is planned for autumn 2017 – in time for the start of the 2017/2018 winter semester.
“There are currently over 175,000 young people studying at Berlin’s universities, and that figure is bound to increase. So demand for suitable living space is logically high,” commented Rainer Nonnengässer, Head of the Micro Living division at MPC Capital. “Our STAYTOO concept plugs a gap in demand for modern residential solutions offering good comfort at fair prices.” To complement 150 fully fitted-out micro-apartments, there will be central communal areas, a washing lounge as well as parking bays for cycles and cars.
The four other STAYTOO projects in Nuremberg, Bonn, Kaiserslautern and Leipzig have already reached the realisation phase. The first STAYTOO apartments will be welcoming their first occupants in autumn 2016 in Bonn and Nuremberg.
About MPC Capital AG ( www.mpc-capital.com )
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]
2016-05-19 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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 |