MGPA eyes up the opportunities

This could be a few office buildings, several shopping centres or a stake in a development project. MGPA has now established the MGPA Europe Fund IV opportunistic fund, raising USD 100 mln after the first closing. The second closing is to take place in the next few months and is to be followed by a third one. "Our aim is to build an equity capital of app. EUR 600 mln. The first to join the fund were our current clients, and now we are conducting negotiations with other entities, mainly insurance companies and pension funds from the United States, Europe and Asia," explains Karol Bartos, country manager of MGPA Polska. In addition, MGPA is to invest app. EUR 800 mln (EUR 250 mln is the equity capital while the rest comes from bank loans) of one of the company's clients whose account they are managing. MGPA has been commissioned by the client to look for completed properties on four markets: the UK, France, Germany and Poland. MGPA will also be looking for investment opportunities for it