DGAP-News: MPC Capital's subsidiary Cairn Real Estate completes EUR 120 million capital increase for Gateway Fund
DGAP-News: MPC Münchmeyer Petersen Capital AG
/ Key word(s): Miscellaneous
Press release MPC Capital's subsidiary Cairn Real Estate completes EUR 120 million capital increase for Gateway Fund The capital increase was successfully executed in the midst of the COVID 19 pandemic. In addition to existing investors, who contributed around EUR 20 million in fresh capital to the fund, new institutional investors also participated in the capital increase with around EUR 100 million. Following the capital increase, the funds' asset volume is expected to rise towards EUR 500 million. The new liquid funds are to be invested swiftly in a pipeline of attractive assets. Pieter Akkerman, Managing Director of Cairn Real Estate: "Logistics and light industrial properties are stable cornerstones of our real estate strategy. This segment has proven to be robust during the COVID 19 pandemic with market fundamentals remaining strong, solid demand, disciplined supply and land scarcity. The pace of change is also expected to continue in the coming years with e-commerce further taking hold. The successful capital increase shows that investor demand is also stable. We are proud that we were able to attract new institutional investors to our Gateway Fund". About MPC Capital AG (www.mpc-capital.com) Media contact
16.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1148278 |
End of News | DGAP News Service |
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1148278 16.11.2020