Bloomberg News

MGPA to Start 1 Billion-Euro Asia Property Fund for Germans

September 30, 2011

Sept. 30 (Bloomberg) -- MGPA plans to start a 1 billion- euro German fund for property investment in Asia. The private real estate advisor intends to raise as much as 500 million in equity capital and borrow an equal amount, MGPA said in a statement. The fund will focus on markets including Hong Kong, Singapore, Malaysia, South Korea, Japan and Taiwan, the company said.

To contact the reporter on this story: Ross Larsen in London at rlarsen2@bloomberg.net

To contact the editor responsible for this story: Ross Larsen at rlarsen2@bloomberg.net


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