MPC Capital AG

MPC Capital acquires Blaak 16, Rotterdam - 15,000m² office building for redevelopment on a prime location in Rotterdam CBD

(DGAP-Media / 12.03.2014 / 14:53)

MPC Münchmeyer Petersen Capital AG, Postal Box 50 10 40, D-22710

Hamburg, Germany

MPC Capital acquires Blaak 16, Rotterdam - 15,000m² office building for
redevelopment on a prime location in Rotterdam CBD

Amsterdam, 12 March 2014 - The Amsterdam-based Dutch subsidiary of MPC
Capital AG has announced the acquisition of the office building located at
Blaak 16 in Rotterdam in the Netherlands. The building consists of 15,000
m² lettable office space on 14 floors and a parking garage. The building
will face a complete renovation and will be redeveloped for new uses in the
near future. Through this acquisition MPC Capital confirms its view that
the Dutch office property market currently offers interesting investment
opportunities in a select number of high-quality locations.

Roman Rocke, Chief Sales and Product Officer of MPC Capital, says: "The
purchase of Blaak 16 is a good example of MPC Capital's new strategy as a
dynamic investment manager specialized on niche markets." Pieter Akkermann,
Managing Director of MPC Capital Netherlands, adds: "In the Dutch office
market we realize this niche strategy via our local platform and play a
proactive role in the restructuring of this market. In close cooperation
with our partners we selectively review and invest in properties in strong
locations that can be given a second life by means of the right
redevelopment strategy. Blaak 16 is just such a building. Because of its
structure, volume and location, it will become an attractive location for
many users again after redevelopment."

Blaak 16 is strategically located in Rotterdam central business district,
opposite the Rotterdam-Blaak Intercity train station and is therefore very
well accessible by public transport as well as by car. The Rotterdam
municipality and private parties are investing substantially in the
surrounding area. One of the most eye-catching developments in this area is
the construction of the Markthal building, the first covered market space
in the Netherlands, which is expected to open in October 2014.

MPC Capital in the Netherlands
Headquartered in Amsterdam, MPC Real Estate Services B. V., the Dutch
subsidiary of MPC Capital AG, is a strategic real estate asset manager,
fund manager and investment manager. Since 1996, the company has initiated,
structured and managed projects for institutional and international private
investors in commercial real estate in the Benelux countries. The portfolio
managed by the Dutch subsidiary of MPC Capital AG has a size of approx. EUR
1.5bn and is invested in over 700,000 square meters of offices, shopping
centers as well as logistics and light industrial real estate.