Macquarie Global Property Advisors (MGPA) has opened a new office in Paris to strengthen its presence in Europe where it has been increasingly active in recent years. Its MGP Fund II, an umbrella fund for two funds investing in Asia and Europe, closed in September 2005 with equity commitments of $1.3 bn (EUR 1 bn). A third of this sum was weighed in MGP Europe Fund II, comprising 11 properties in seven countries across Europe.
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