MGPA announces second close on Asia real estate fund
MGPA has held a second close of EUR50 million ($65 million) on its latest Asia property fund with a further commitment from a German insurance company. The vehicle, MGPA Asien Speziafonds, which specifically targets German investors, has so far received EUR135 million.
The announcement comes after the fund bought two office buildings in Tokyo in March. The first investment - a Grade A office building in Perth - came last month, after the vehicle reached a first close...
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