Providing principal
capital, asset
management and
advisory services
across the European
real estate sector

ABOUT US

MGG Real Estate is a partner that combines the energy of a niche group with an established global investor base. Standing together with long term partners as they navigate changing capital markets, MGG seeks to invest on a counter cyclical and risk averse basis. In 2014 we identified a dislocation between German commercial real estate yields and the European peer group, acquiring, repositioning & exiting over €250m of previously under-managed assets during 2014-2017; generating opportunistic returns to our institutional partners. Our average pre-tax IRR since inception exceeds 35%.

PARTNERS

Recent partners include:

  • WP Carey Inc. (NYSE: WPC): US based leading global net lease investor ($13bn) REIT WP Carey Inc. (NYSE: WPC)
  • Fortress Investment Group (NYSE: FIG): US based global investment management firm ($70bn AUM)
  • CIT Real Estate Ltd: London based private equity real estate investor-developer
  • Emirates NBD: leading MENA banking and financial institution (capital of AED388bn)
  • Greenacre Capital Ltd: London based private real estate investor

RECENT ACTIVITY

GOTIC HAUS
DORTMUND

In May 2017, Gotic Haus, acquired with Fortress Investment Group in Dec 2014, was sold to CLS Holdings Plc (CLI:LSE) for €36.0m. The property provided MGG with multiple asset management initiatives, carried out during a two year business plan in order to refurbish and reposition the building within the Dortmund leasing market, securing higher quality tenant covenants. MGG generated pre-tax equity IRRs in excess of 30%.

MONZASTRASSE
LANGEN, FRANKFURT

In June 2017, the 39,000 sq. meter commercial properties at Monzastrasse 2-4, Langen, near Frankfurt were sold to a private German property company. MGG acquired the properties with Fortress Investment Group in December 2015. MGG recognised a yield dislocation for such institutional grade assets, and were able to capture significant short term yield compression.

Q APARTMENTS
COPENHAGEN

In June 2016 MGG was retained by the largest Danish serviced apartment provider with over 900 units, Q Apartments, to select debt and equity capital partners in order to optimise the capital structure and position the company for continued growth in a dynamic sector.

MARRIOTT
ROOMERS HOTEL
MUNICH

In May 2015, MGG acted as buy side
advisor to US institution WP Carey, in
it’s acquisition of the 200 room Marriott
Roomers hotel for in excess of €70.0m.

MERCURE HOTEL
& OFFICE CENTRE
HAMBURG

In April 2015, MGG, acquired a long let Mercure hotel and adjoining multi-let office complex in joint venture with Fortress Investment Group, in an off market transaction. MGG recognised the opportunity to maximise shareholder value by separating the legal titles of the two adjoining buildings; and consequently completed the sale of the assets in August 2016 for a gross asset value gain in excess of 40% and significant equity returns

PROJECT FALCON
WESTERN GERMANY

MGG was retained in March 2015 by Dubai based bank Emirates NBD to manage a portfolio of 5 mixed use office, retail and healthcare assets located across western Germany.

CURRENT PROJECTS & RECENT TRANSACTIONS

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Germany

CONTACT US

London

Investments@mggpartners.co.uk
+44 203 858 0880
3rd Floor, 22 Woodstock St
London, WC1 2AR

CONTACT US

Hamburg

Friedrich Bengelsdorf
friedrich@mggpartners.co.uk
Tel: +49 178 4548050

CONTACT US

Leipzig

Yves Baumann
Yves.baumann@mggrealestate.de
+ 49 341 462626218