September 15, 2022
Mata Capital has just completed several investments as part of its value-add strategy, specifically for the MCF Opportunity Invest II fund, with 5 acquisitions of logistics and office assets with high value creation potential.
Reserved for institutional investors and family offices, the MCF Opportunity Invest II fund's assets will primarily consist of logistics properties, but also office and education assets, either already in its portfolio or currently being acquired.
The fund targets assets with strong real estate fundamentals (location, building quality, market depth, etc.) but which require unlocking their potential through technical repositioning and/or an intensive asset management strategy, including an ESG component. “We have initiated an approach aimed at deploying a continuous improvement process for ESG criteria across all investments made by the vehicle, in order to reposition real estate assets for sustainable holding periods,” explains Jean-Baptiste Avierinos, Investment Director at Mata Capital.
A value-add fund focusing particularly on logistics…
Upon completion of the acquisitions currently being finalized, the fund is expected to own a logistics portfolio of over 150,000 sq m with an occupancy rate exceeding 95%.
“Given a very buoyant market and strong anticipated sector growth, we decided as early as 2020 to focus a significant portion of this fund's sourcing on logistics, by building a portfolio of high-quality platforms located along major transport corridors or in key logistics hubs, which we acquired individually or as mini-portfolios,” explains Jean-Baptiste Avierinos.
To date, the fund owns 5 logistics platforms and is expected to finalize the acquisition of 5 additional sites from several sellers, including three warehouses located alongside motorways in Île-de-France. Some of these platforms have been or will be acquired through direct sale & leaseback agreements with operators. The only platform acquired 100% vacant, located in Bruay and slated for restructuring, has just been pre-leased through the signing of a firm 6-year lease with a prime tenant.
… and 3 office and education assets located in Paris and its inner suburbs
The fund can already count on the participation of French institutional investors and family offices in its funding round. New institutional investors are expected for the fund's closing, scheduled for the end of October, to execute its investment pipeline.
MCF Opportunity Invest targets a total annual performance of 15% (this AIF offers no capital guarantee and presents a liquidity risk).
Several new hires will join the management team over the next six months
Amid a significant increase in its exposure to the logistics asset class, the management company announces the arrival of Robin Stalin as an asset manager dedicated to this asset class. With 5 years of experience at DHL, where he was involved in managing over 60 operational sites, Robin possesses precise knowledge of warehouse technicalities, as well as French logistics zones and hubs. He will bring strong expertise in this rapidly growing asset class to the Mata Capital teams, along with a keen understanding of user needs and their ESG practices.
Two new hires are also expected to join the management team soon: an asset manager dedicated to office assets and a senior analyst, both anticipated in the second half of the year.