Corporate | 9 March 2015 13:01

BECKEN Group and MPC Capital AG establish real estate joint venture

MPC Münchmeyer Petersen Capital AG / Key word(s): Joint Venture

2015-03-09 / 13:01

BECKEN Group and MPC Capital AG establish real estate joint venture

Hamburg, 9 March 2015 – The real estate specialist BECKEN and the asset and investment manager MPC Capital AG plan to collaborate more closely in the German real estate market. To that end, the two Hamburg companies are planning to set up a separate joint venture that will bring together the core skills of both companies. The aim of the venture is the structuring of regulated investment funds with a core / core plus investment strategy focusing on office properties in Germany. Initial project ideas will already be presented to institutional investors at the MIPIM real estate show, which begins tomorrow (10 March 2015) in Cannes.

The BECKEN Group brings to the joint venture around 30 years of experience in identifying and developing real estate projects in Germany’s top seven locations. MPC Capital, active in the asset and investment management area for over 20 years, will contribute its structuring expertise and access to institutional and private investors.

Dieter Becken, Managing Partner of BECKEN Holding, commented: “In establishing the joint venture we are creating an investment platform that will meet both the expectations of professional investors in terms of returns and also the high quality standards required of real estate projects.”

Dr Roman Rocke, Management Board member of MPC Capital AG, added: “Demand for investment opportunities among institutional investors is high. Together with BECKEN, we deliver suitable investment targets of the right size and focus.”

About the BECKEN Group
For several decades the BECKEN Group, under the umbrella of BECKEN Holding GmbH, has been focusing on highly specialised services and integrated solutions along the entire real estate value chain. The core skills of the BECKEN Group are asset management and real estate development. In its capacity as asset manager, BECKEN for example teamed up with a joint venture partner in 2014 to acquire a real estate portfolio of 109 properties with a value of EUR 400 million. BECKEN Development provides the full range of project development and management services, with the focus on residential and office properties as well as district development. It is currently handling a further development volume of approx. EUR 400 million. BECKEN, in conjunction with the HASPA Group, also acts as one of North Germany’s leading property managers following the merger of both companies’ property management activities under the auspices of HASPA HanseGrund at the start of 2015.

About MPC Capital AG
MPC Capital AG is an independent investment manager specialising in real asset investments and investment products, as well as their management and administration, in the three core areas Real Estate, Maritime Investment and Infrastructure. Since 1994 MPC Capital AG has launched over 300 investment projects with a total real-asset investment volume of more than EUR 19 billion.

Contact
MPC Capital AG
Stefan Zenker
Investor Relations & Public Relations
Tel. +49 (40) 380 22-4347
Fax +49 (40) 380 22-4878
E-Mail: s.zenker@mpc-capital.com

BECKEN Holding GmbH
Nina Binné
Marketing & PR
Tel. + 49(40)23 7840-16
Fax +49(40) 23 69377
E-Mail: n.binne@becken-immobilien.de

2015-03-09 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:	kontakt@mpc-capital.com
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

331365  2015-03-09