Macquarie Real Estate Asia

• Macquarie Real Estate Asia
• MGPA

Macquarie Real Estate Asia

Macquarie Real Estate is a diverse business offering a range of services including funds management (through subsidiaries), development finance, advisory, research, global private equity raising, asset disposal strategies and property securitisation, globally. 

Circa US$29 billion of real estate assets are managed globally by Macquarie Real Estate and its associates, across a portfolio of listed and unlisted property trusts, unlisted development funds and property investment syndicates. Macquarie's real estate investment management expertise has been recognised internationally, voted No. 1 in Investment Management in Asia, Australia, China, Hong Kong, Singapore and the US in the 2007 Euromoney Liquid Real Estate Awards.

The business and its associates has more than 500 staff worldwide in 22 locations providing in Asia a wide range of investment products.  Its skill set encompasses listed and private equity fund management, equity and debt capital raising, mezzanine financing and real estate investment banking.  It is helping to facilitate the institutionalisation of Asian real estate.

Major activities include:

• MCO CR-REIT, listed on the Korea Stock Exchange, is Macquarie's first real estate investment trust in Korea and Korea's first by a wholly owned foreign manager.  It has significantly outperformed original prospectus projections.  Distributions currently represent a yield of over 14.5% based on cost (circa 9.2%⁽¹⁾ based on current share price).
• Macquarie NPS REIT is a Korean wholesale Real Estate Investment Trust (REIT) investing in stablised office and retail properties in Korea. The REIT is under a co-investment agreement with Korean National Pension Service (NPS) to grow assets under management up to US$1.07 billion.
• The Macquarie MEAG Prime REIT is listed on the Singapore Stock Exchange.  Macquarie owns 50% of the REIT Manager and Property Manager.  Current portfolio of two landmark properties on Orchard Road, Singapore and seven well located prime retail assets in Tokyo, Japan and one retail centre in Cheng Du, China.
• MWREF - one of the first core retail property wholesale funds investing in the People’s Republic of China, comprising nine shopping mall assets in nine cities across China.
• Through its associate, First China Property Group and also directly, Macquarie Real Estate has been active for over 10 years in residential property development in China.
• Macquarie Goodman Asia (MGA) is a joint venture between Goodman International and Macquarie, specialising in sourcing, acquiring and managing industrial and business space real estate across strategic Asia markets.  Headquartered in Hong Kong with over 50 property executives and support staff and 125 building services staff, Macquarie Goodman Asia provides a full suite of services including fund and asset management, acquisitions and development management services.

⁽¹⁾ Based on annualised last announced half year dividend paid in September 2007 and share price as at 30 September 2007.

For more information:

Andrew Taylor
Tel: (852) 2295 5930

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MGPA

MGPA is an independently managed private equity real estate investment advisory company focused on real estate investment in Asia and Europe.

The MGPA headquarters are in Bermuda and it has a network of offices in London, Luxembourg, Hong Kong, and Tokyo. Through these offices, MGPA currently manages US$1.7 Billion in assets across Portugal, Spain, the United Kingdom, Belgium, Luxembourg, Germany, Hong Kong, Korea, China and Japan. Its managed investments include development and re-development projects, joint-venture investments and real estate operating companies in the office, retail, industrial and residential sectors.

MGPA has a unique position due to its local presence in the European and Asian regions and its real estate focused platform. The combination of local networks and long standing experience in all facets of real estate investment gives MGPA an advantage in deploying capital in markets where active asset management capabilities are increasingly required to generate returns.

Through funds and investment partnerships, MGPA invests in all forms of equity real estate including single assets, portfolios, and operating companies. MGPA manages a number of funds and accounts that actively invest in the real estate markets in Europe and Asia. MGPA maximises returns and profits for investors through active management programmes, applying best practice management skills to the assets in which we invest.

Owned by its senior management team and Macquarie, MGPA applies a rigorous top-down, bottom-up research based investment philosophy in order to identify real estate markets that will produce optimal risk-adjusted returns for investors.

For more information

Simon Treacy
Tel: (852) 3162 6072
www.mgpa.com 

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