Real Estate

MPC Capital: ESG Core Wohnimmobilien Deutschland Fund receives approval as a sustainable financial product and purchases further project

28 Jun 2021

  • Initiation of one of the first real estate funds with Article 8 approval as a sustainable financial product under the EU Disclosure Regulation
  • Purchase of a new multi-family building in Bad Nauheim in the Frankfurt metropolitan region

Hamburg, June 28, 2021 – The ESG Core Wohnimmobilien Deutschland fund initiated by MPC Capital (Deutsche Börse Scale, ISIN DE000A1TNWJ4) has received the green light from the German Federal Financial Supervisory Authority (BaFin) to position itself as a financial product under Article 8 of the Disclosure Regulation.

The EU Sustainable Finance Disclosure Regulation (SFDR), which came into force in March 2021, is intended to lead to greater transparency in the European market for financial products with regard to sustainability issues. Funds that take into account environmental and social characteristics as well as good corporate governance (ESG) and regularly report on this will be certified as so-called Article 8 products. ESG Core Wohnimmobilien Deutschland is one of the first financial products in the real estate asset class in Germany to have such approval.

In addition, ESG Core Wohnimmobilien Deutschland has acquired its second project. The building complex, consisting of several high-quality apartment buildings, was constructed with KfW 55 energy standard in Bad Nauheim in the Frankfurt am Main metropolitan region  by Procom Invest from Hamburg. Completion was on schedule for the end of June 2021. The project with 32 flats between two and four rooms comprises around 2,600 square metres of living space.

ESG Core Wohnimmobilien Deutschland was launched together with Universal-Investment as an open-ended special AIF. The fund is to comprise a total investment volume of EUR 300 million and invest specifically in real estate projects that consistently meet a comprehensive catalogue of ESG criteria.

The central investment criterion of the fund is the development of a sustainable residential real estate portfolio. With the use of a scoring model developed specifically for this fund, target properties are identified that meet a number of quantitative and qualitative sustainability criteria along relevant UN sustainability goals.

About MPC Capital (www.mpc-capital.com)
MPC Capital AG is an internationally active asset and investment manager specialising in real asset investments. Together with its subsidiaries, the company develops and manages investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 280 employees group-wide.

More information: www.mpc-capital.com

About Universal-Investment (www.universal-investment.com)
The Universal-Investment Group is one of the leading European fund management services and Super ManCos with around 687 billion euros, more than 1,900 mutual and special fund mandates, and more than 1,000 employees at the locations Frankfurt am Main, Luxembourg, Luxembourg, Dublin and Krakow. Founded in 1968, the company is an independent platform offering fund initiators and institutional investors structuring and administration solutions as well as risk management for securities, real estate and alternative investments. The companies UI Labs, UI Enlyte and CAPinside round off the group's innovative service offering. The company is a signatory of the UN Principles of Responsible Investment and a member of the Forum Nachhaltige Geldanlagen e. V. (Sustainable Investment Forum). (as of 31 May 2021)

Contact
MPC Capital AG
Stefan Zenker, Gabriele Gottschalk
Investor Relations & Corporate Communications
Tel. +49 (40) 380 22-4200
E-Mail: presse@mpc-capital.com