DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Real Estate
- Initiation of one of the first real estate funds with Article 8 approval as a sustainable financial product under the EU Disclosure Regulation
The EU Sustainable Finance Disclosure Regulation (SFDR), which came into force in March 2021, is intended to lead to greater transparency in the European market for financial products with regard to sustainability issues. Funds that take into account environmental and social characteristics as well as good corporate governance (ESG) and regularly report on this will be certified as so-called Article 8 products. ESG Core Wohnimmobilien Deutschland is one of the first financial products in the real estate asset class in Germany to have such approval.
In addition, ESG Core Wohnimmobilien Deutschland has acquired its second project. The building complex, consisting of several high-quality apartment buildings, was constructed with KfW 55 energy standard in Bad Nauheim in the Frankfurt am Main metropolitan region by Procom Invest from Hamburg. Completion was on schedule for the end of June 2021. The project with 32 flats between two and four rooms comprises around 2,600 square metres of living space.
ESG Core Wohnimmobilien Deutschland was launched together with Universal-Investment as an open-ended special AIF. The fund is to comprise a total investment volume of EUR 300 million and invest specifically in real estate projects that consistently meet a comprehensive catalogue of ESG criteria.
The central investment criterion of the fund is the development of a sustainable residential real estate portfolio. With the use of a scoring model developed specifically for this fund, target properties are identified that meet a number of quantitative and qualitative sustainability criteria along relevant UN sustainability goals.
About MPC Capital (www.mpc-capital.com)
More information: www.mpc-capital.com
About Universal-Investment (www.universal-investment.com)
28.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
MPC Münchmeyer Petersen Capital AG
+49 (0)40 380 22-0
+49 (0)40 380 22-4878
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
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