- Investment of circa EUR 50 million in two new assets in Mainz and Hamburg
- Complementing the existing strategy with student hotels and short-term accommodation
Hamburg, 2 October 2018 - MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4) is expanding
its micro-living strategy with the development of two new schemes in Mainz and Hamburg. The
Hamburg-based asset and investment manager plans to invest close to EUR 50 million in the two
locations on behalf of its institutional investors.
Both projects stand out from the apartment buildings in Bonn, Nuremberg, Kaiserslautern as well as the
ones in Leipzig and Berlin that have so far been completed under the "STAYTOO" brand, given they
break MPC Capital’s trend of investing only in student housing.
Upon completion, the scheme in Mainz will comprise of a student hotel with around 370 rooms. The site
is located in Issac-Fulda-Allee, immediately next to the universities and the Opel Arena. The completed
asset will also enable shorter stays and offer space to tourists and young professionals as well as
students. The young, lively design and living concept will be complemented by sharing offers, fitness and
lounge areas as well as a restaurant and bar. Construction is due to start at the beginning of 2019 and
completion is scheduled for 2020.
In Hamburg, MPC Capital will be developing a full-service apartment building for young professionals.
The scheme will be located in the Winterhude district. Centrally located between Hamburg's scenic
Stadtpark and the lively centre of Winterhude, the project will offer accommodation for young people
who want to live and work in a lively urban environment. Construction of the scheme is scheduled for
mid-2019 and practical completion is planned for 2020.
Rainer Nonnengässer, Managing Director of MPC Micro Living Development GmbH: "With the
completion of the two new projects in Mainz and Hamburg, we are taking the concept of living in a small
space a step further. Our properties reflect the contemporary wishes and requirements of young people
who are studying or have just entered the professional world. We strive to find balance between
flexibility and individuality as well as between the increasing sharing trend and the desire for privacy".
To date, MPC Capital has deployed around EUR 150 million in micro-living projects. At the end of 2017,
an existing portfolio of about 1,000 beds was sold to the US investor Harrison Street. MPC Capital
continues to be responsible for the management of the properties. Together with international
institutional investors, MPC Capital plans to purchase additional development and portfolio projects in
Germany and selected European countries.