MGPA announces first close of MGPA Europe Fund IV

4 November 2011 - MGPA, the independent private equity real estate investment advisory company, is pleased to announce the first close of MGPA Europe Fund IV (EF IV) with commitments of up to US$100m. The first close is comprised of commitments from investors in MGPA’s previous fund, MGPA Europe Fund III.

EF IV will build on the success of MGPA’s previous funds and focus on the UK, France, Germany and Poland to take advantage of current market dislocations and recapitalisations. EF IV aims to access real estate at attractive prices and manufacture core products in high demand from tenants and institutions due to the lack of modern stock.

Laurent Luccioni, MGPA Europe CEO commented; "We are delighted to welcome existing investors to EF IV, who value our local, operator-style approach. We continue to focus on value investing combined with our local asset management approach and longstanding presence in the main European markets. Our recent deal activity in partnership with lenders across Europe demonstrates our proactive and innovative approach to investment in the current environment."

MGPA has a long track record of investing in European real estate dating back 12 years, having invested more than $5.7 billion in over 280 properties and having realised strong returns for investors.