MGPA announces first close on Asia real estate fund
MGPA, a private equity real estate investment firm, has held a first close on a EUR500 million ($639 million) Asia property fund targeting German investors. The vehicle has so far received EUR85 million ($109 million) from three German institutions.
The fund - MGPA Asien Spezialfonds - is regulated under German investment laws and is primarily designed for institutional investors in German-speaking countries seeking exposure to Asian real estate markets....
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