Media | 12 March 2014 14:53

MPC Capital AG: MPC Capital acquires Blaak 16, Rotterdam – 15,000m² office building for redevelopment on a prime location in Rotterdam CBD

(DGAP-Media / 12.03.2014 / 14:53)

MPC Münchmeyer Petersen Capital AG, Postal Box 50 10 40, D-22710 Hamburg, Germany

MPC Capital acquires Blaak 16, Rotterdam – 15,000m² office building for redevelopment on a prime location in Rotterdam CBD

Amsterdam, 12 March 2014 – The Amsterdam-based Dutch subsidiary of MPC Capital AG has announced the acquisition of the office building located at Blaak 16 in Rotterdam in the Netherlands. The building consists of 15,000 m² lettable office space on 14 floors and a parking garage. The building will face a complete renovation and will be redeveloped for new uses in the near future. Through this acquisition MPC Capital confirms its view that the Dutch office property market currently offers interesting investment opportunities in a select number of high-quality locations.

Roman Rocke, Chief Sales and Product Officer of MPC Capital, says: “The purchase of Blaak 16 is a good example of MPC Capital’s new strategy as a dynamic investment manager specialized on niche markets.” Pieter Akkermann, Managing Director of MPC Capital Netherlands, adds: “In the Dutch office market we realize this niche strategy via our local platform and play a proactive role in the restructuring of this market. In close cooperation with our partners we selectively review and invest in properties in strong locations that can be given a second life by means of the right redevelopment strategy. Blaak 16 is just such a building. Because of its structure, volume and location, it will become an attractive location for many users again after redevelopment.”

Blaak 16 is strategically located in Rotterdam central business district, opposite the Rotterdam-Blaak Intercity train station and is therefore very well accessible by public transport as well as by car. The Rotterdam municipality and private parties are investing substantially in the surrounding area. One of the most eye-catching developments in this area is the construction of the Markthal building, the first covered market space in the Netherlands, which is expected to open in October 2014.

MPC Capital in the Netherlands
Headquartered in Amsterdam, MPC Real Estate Services B. V., the Dutch subsidiary of MPC Capital AG, is a strategic real estate asset manager, fund manager and investment manager. Since 1996, the company has initiated, structured and managed projects for institutional and international private investors in commercial real estate in the Benelux countries. The portfolio managed by the Dutch subsidiary of MPC Capital AG has a size of approx. EUR 1.5bn and is invested in over 700,000 square meters of offices, shopping centers as well as logistics and light industrial real estate.

MPC Capital AG
MPC Capital is a Hamburg-based German issuing house as well as a fund- and asset-manager for investments in tangible assets. Since 1994 MPC Capital develops, initiates and markets investments in tangible assets, which the company manages actively across the product life-cycle in accordance with retail and institutional investors’ interests. By December 31, 2013, over 180,000 customers had invested approximately EUR 7.9 billion in a total of 326 capital investment products. The aggregate investment volume amounts to approximately EUR 19.0 billion. MPC Capital is listed in the Entry Standard of the Deutsche Börse in Frankfurt, Germany.

Contact

MPC Capital AG
Till Gießmann
Head of Investor Relations & Public Relations
Phone +49 (40) 38022-4347
Fax +49(40) 38022-4878
Email t.giessmann@mpc-capital.com

This is a non-binding press release.

End of Media Release

Issuer: MPC Capital AG
Key word(s): Real estate

12.03.2014 Dissemination of a Press Release, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP’s 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 Capital AG
	Palmaille 75
	22767 Hamburg
	Germany
Phone:	+49 (0)40 380 22-0
Fax:	+49 (0)40 380 22-4878
E-mail:	kontakt@mpc-capital.com
Internet:	www.mpc-capital.de
ISIN:	DE000A1TNWJ4
WKN:	A1TNWJ
Listed:	Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart; Frankfurt in Open Market (Entry Standard)

End of News DGAP-Media

257170  12.03.2014