Media | 30 July 2014 14:05

MPC Münchmeyer Petersen Capital AG: MPC Capital sells landmark building Millennium Tower/City in Vienna

(DGAP-Media / 30.07.2014 / 14:05)

PRESS RELEASE

MPC Capital sells landmark building Millennium Tower/City in Vienna

Hamburg, 30 July 2014 – The Hamburg investment and asset manager MPC Capital has sold the Millennium Tower and Millennium City with its shopping mall and entertainment centre to an international syndicate. The transaction was structured by the Group’s subsidiary MPC Münchmeyer Petersen Real Estate Consulting and is expected to close in 3Q 2014.

Opened in 1999, the Millennium Tower and Millennium City were designed by internationally renowned architects and are positioned at a prime address on the Vienna waterfront. As one of Austria’s tallest office buildings at 202 m, the property has 50 floors and around 43,000 m² in office space, and has been certified by the Austrian Green Building Council as a “Blue Building”. Millennium City was repeatedly declared the best shopping centre in Vienna by the “Shopping Centre Performance Report Austria”. With more than 100 shops and a state-of-the-art entertainment centre, its multifaceted range reflects the complex’s pioneering architectural design.

The sale of this landmark building was carried out by the Group’s subsidiary MPC Münchmeyer Petersen Real Estate Consulting, which advertised and marketed the property internationally. The buyer is a syndicate consisting of a sovereign wealth fund, an international property fund and an Austrian property developer.

The Millennium Tower and Millennium City had been acquired by an MPC Capital fund in 2003.

“The Millennium Tower is a good example of MPC Capital’s expertise along the entire value chain. The property was successfully positioned for sale thanks to the active management of the complex which included, for example, the restructuring of office space as hotel space,” explained Roman Rocke, Director of Products and Sales at MPC Münchmeyer Petersen Capital AG. Stefan Viering, Managing Director of MPC Münchmeyer Petersen Real Estate Consulting, added: “And the transaction shows that we are able to successfully handle the international marketing of properties of the magnitude of the Millennium Complex.”

MPC Capital AG
MPC Capital (ISIN DE000A1TNWJ4/WKN A1TNWJ) is a Hamburg-based investment and asset manager for real asset investments. Since 1994, MPC Capital has developed, initiated and sold real asset investments that it actively supports as a fund manager throughout the product cycle in the interests of private and institutional investors. To date, more than 180,000 customers have invested a total of around EUR 7.9 billion in 326 MPC Capital investment products. The total investment volume since the company was founded amounts to around EUR 18.9 billion. MPC Capital AG is listed in Deutsche Börse’s entry standard in Frankfurt.

Contact

MPC Capital AG
Public Relations
Tel +49 (40) 38022-4347
Fax +49 (40) 38022-4878
E-mail presse@mpc-capital.com
This is non-binding PR information.

End of Media Release

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

30.07.2014 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.
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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:	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

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