MGPA has held the first close of MGPA Asien Spezialfonds with commitments of €85 million from three German institutional investors. MGPA Asien Spezialfonds is a yield-focused core-plus product regulated by the German Investment Act. The target equity capital of MGPA Asien Spezialfonds is €500 million.

The fund is intended primarily for institutional investors in German-speaking countries seeking exposure to the Asia Pacific region, with an investment focus on established markets such as Japan, Australia, Hong Kong, Singapore and Malaysia.

“MGPA Asien Spezialfonds will target attractive, income-producing investments with asset management potential, especially in the office and retail sectors,” says Christian Schulte Eistrup, MGPA’s managing director of capital markets – Europe. “Annual distributions to investors and longer-term capital growth potential are key pillars of the investment stra