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| 19.11.2009 |
| MPC Capital AG - MPC Canada 6 sells properties to Canadian REIT |
| Hamburg, November 19, 2009 MPC Canada 6 sells properties to Canadian REIT Active fund management generates a return of capital of approx. 270 percent REITs go shopping again. Experts regard this as a first indication of an imminent recovery in property transactions. Investors in the closed real estate fund MPC Canada 6 have just sold their fund properties in Toronto to a Canadian REIT - after only five and a half years at a price of CAD 126 million, 2.36 times the acquisition price. In spite of the financial market crisis, MPC Capital was able to achieve a threefold increase in the rental income of the Server-Hotel thanks to active fund management, achieving a return of capital of roughly 270 percent for its investors. Now that North American Real Estate Investment Trusts (REITs) are receiving growing amounts of fresh capital, they have begun to invest again and expand their portfolios. Investors in the closed-end real estate fund MPC Canada 6 have just sold their fund properties to a Canadian REIT at a price of CAD 126 million. Issuing house MPC Capital had acquired the Technology Centre including a neighbouring mall and an undeveloped site at a price of CAD 53,38 million in 2004 and now generated 2.36 times the acquisition price for its investors. Together with the payouts of 48.75 percent received during the life of the fund, this will result in a projected total return of capital on the investment of approx. 270 percent excluding the premium. The MPC Capital-Group will receive an appropriate compensation for the management services provided for the successful preparation, execution and settlement of the transaction. Inquiries: Till Gießmann Investor Relations Phone: +49 40/380 22-4347 Fax: +49 40/380 22-4878 E-mail: ir@mpc-capital.com |
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