Regulatory Filings • Apr 30, 2015
Regulatory Filings
Open in ViewerOpens in native device viewer
News Details
Corporate | 30 April 2015 08:59
MPC Capital Steps up Student Housing Investments
MPC Münchmeyer Petersen Capital AG / Key word(s): Miscellaneous
2015-04-30 / 08:59
MPC Capital Steps up Student Housing Investments
Hamburg-based asset and investment manager bolsters its market position in micro-living segment
Hamburg, 30 April 2015 – MPC Capital has substantially expanded the investment volume earmarked for its housing platform STAYTOO ( www.staytoo.de ). This was announced by Rainer Nonnengässer, Head of the Micro Living division of MPC Capital, on occasion of the event “Investment and Development Trends: Student Housing in Germany” in Berlin today. Formed in July 2014, the joint venture with Danish real estate investor Sparinvest Property Investors will invest a total sum of up to 150 million euros in Micro Living projects over the coming months. Their focus will be on German campus towns. The Hamburg-based company is substantially expanding its commitment in this line of business with the long-term goal of market leadership in this sector.
Rainer Nonnengässer summarised the goal: “Our intention is to offer students as well as young professionals affordable accommodation with high-end amenities everywhere in Germany. What characterises our properties is a mix of individuality and community. Within their apartments, residents may cultivate their personal lifestyles, while the common-part areas (e.g. a gym and a laundry lounge) give them ample opportunity for exchange. To this end, we have developed a modern concept under the brand name STAYTOO that cleverly combines several living areas.”
The first two STAYTOO projects are now under development in Nuremberg and Bonn, and will be ready for occupation by the 2016/2017 winter semester. In addition, the Hamburg-based asset and investment manager is analysing locations elsewhere in Germany. “It is important not to limit your investments to major cities. The square-metre prices for existing flats have increased considerably since 2009 – in some cities by up to 80 percent. The entry prices in metro areas like Berlin or Cologne are therefore very high whereas rental yields tend to be rather low,” as Nonnengässer elaborated the current market situation. He went on to say: “Accordingly, we are also keeping a close eye on the hidden champions among Germany’s campus towns. These include economically up-and-coming cities with renowned universities such as Aachen or Bonn, for instance. They offer a higher yield upside, comparatively speaking. Here, it is of the essence to study micro-environments in order to avoid risks.”
About MPC Capital AG ( www.mpc-capital.de )
MPC Capital is an independent investment manager specialising in tangible-based investments and their management in the three core areas of real estate, maritime investments, and infrastructure. Since 1994, MPC Capital has launched altogether 300 investment projects, realising tangible assets in a total value of more than 19 billion euros.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 (40) 380 22-4347 Fax +49 (40) 380 22-4878
E-mail: [email protected]
2015-04-30 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
| 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 |
| - - - |
| 351223 2015-04-30 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.