Mengus 2005

Launched in July 2005, Mengus 2005 is a closed-end fund that focuses on commercial real estate in the Stockholm area. The fund had SEK 660 million in commitments from institutional investors and has now divested all its property holdings.

Potential Investment

Launched in 2005, Mengus 2005 is a closed-end fund that focuses on commercial real estate in the Stockholm area. The fund had SEK 660 million in commitments from institutional investors and has now divested all its property holdings.
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The fund invested in partly vacant office property with a potential for value enhancement through active refurbishment and leasing efforts. To enhance the expected returns, property investments are held on a leveraged basis.

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The fund has a value-added, risk-return profile and is positioned in the segment between institutional core investors and highly leveraged opportunistic funds.

Excellent Market Timing

During 2006, Mengus Stockholm invested approximately two-thirds of its available equity commitments in two office properties, Solna Gate and Solna One, with a total acquisition value of nearly SEK 1.5 billion. In 2008, a part of Solna One was divested for a consideration of approximately SEK 240 million.
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The remaining equity commitment was invested in the office property Core Stockholm in 2010. The building was upgraded to facilitate premium rents for its office premises, including vacancies that was successfully leased out in short time. The building was sold in 2012, generating superior returns for the Fund.

Unparallelled Investor Returns

Our hands-on approach to value creation has enabled us to outperform competing investments. The Mengus portfolio has generated significantly higher returns than its main benchmark, IPD Offices Stockholm index.

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Investments In Mengus 2005

For more information about our investments, please visit our separate pages for each investment by clicking on the images below.