MGPA Plans Asian Property Fund
MGPA intends to launch a core/core-plus special fund under German investment law that will target commercial property in established Asian markets such as Hong Kong, Japan, Malaysia, Singapore, South Korea and Taiwan. The planned special fund primarily is intended for German-speaking institutional investors and is seeking an equity raise of up to €500 million. Using leverage equivalent to its capital raise, the fund will have a purchasing power of up to €1 billion.
MGPA will be advised on structuring the product by Selinus Capital GmbH, which will serve as the exclusive distribution partner for the German-speaking area.