MARK Capital Management

With 2024 drawing to a close, we wanted to celebrate key achievements from across the year: 💶 We raised €660m in equity for our second Crossbay fund, with investors including a sovereign wealth fund, a Nordic pension fund, an Asian insurance company, a global multi-manager and a US family office 📶 According to PERE data, Crossbay II ranks among the top 10 largest logistics and industrial funds globally to close this year, with a total investment capacity of €1.5 billion 🇳🇴 At Promenaden, our premier retail and office portfolio in Oslo, we achieved record-breaking results at the Steen & Strøm department store, and proudly opened the world's largest luxury watch emporium with Urmaker Bjerke 🇲🇨 Construction successfully completed at Mareterra, Monaco's new 15-acre waterfront neighbourhood, in which we are a key investor 🇮🇪 Our premier office and retail scheme in Dublin, 60 Dawson Street and Grafton Place, became operational, setting new rental benchmarks and attracting blue-chip occupiers 🏢 We strengthened our Executive Leadership team with the appointment of former Henderson Park executive Nick Russell as General Counsel Follow the MARK Capital Management LinkedIn and website for all the latest news and updates

We recently announced the final close for Crossbay II. Key facts below ⬇️

'The new eight-hectare enclave... is built upon a land extension and marked by its flagship super-prime residential building designed by RPBW Renzo Piano Building Workshop (RPBW). There are other more humble, yet perhaps equally as powerful, highlights to discover: a generous new coastal pathway, the planting of over 1000 mature trees, and the return of a large outdoor Alexander Calder sculpture to the public realm.' Read the latest profile of Mareterra, this time by Wallpaper*, who visited the development while construction was still ongoing. The project, which is an investment within our urban mixed-use strategy, has been completed six months ahead of schedule.

'The newly completed Mareterra project in Monaco, designed by Valode & Pistre, RPBW Renzo Piano Building Workshop, and landscape architect Michel Desvigne, is a groundbreaking example of sustainable urban expansion on water,' writes designboom in a profile of the development. Key sustainability features at Mareterra, which is an investment within our urban mixed-use strategy, include: 🌊 A seawater thalasso-thermal loop for heating and cooling 🌧️ Rainwater collection systems for irrigation ☀️ Extensive solar panel installations supplying 40% of the district’s energy needs 🌲 Green roofs, a one-hectare pine forest and the planting of over 1,000 large trees, which all contribute to biodiversity and ecological balance Opening six months ahead of schedule, Mareterra has added six hectares to Monaco's territory — approximately 3% of the Principality’s total land area. The district blends luxury residences with public parks, a seaside promenade, a marina, and mixed retail-commercial space. Read the full profile in designboom:

This week, we announced the final close for our latest pan-European urban logistics fund, Crossbay II. According to PERE data: 🌍 Crossbay II is the only Europe-focused logistics and industrial fund to have closed this year 📶 With €660m in equity commitments, is one of the top 10 largest logistics and industrial funds globally to have closed this year Commenting on the fundraise, Crossbay Chairman and MARK Capital Management chief executive Marcus Meijer said: “We are seeing enhanced investor appetite to work with specialist managers raising tactical funds with a tight thematic focus to access growth opportunities within real estate. This was the rationale behind our pivot away from diversified funds and into sector-specific strategies like Crossbay, with the latest fund surpassing the last in size and attracting a more geographically diverse investor base, positioning us well for our next fundraise.”

We are pleased to announce a final close for our latest pan-European urban logistics fund, Crossbay II, with €660m of equity commitments secured. The fundraise includes: 📈 A 20% increase in fund size compared to Crossbay I 💶 With leverage, €1.5bn of total investment capacity 🤝 A c.60% re-up rate by committed equity 🌎 A diverse investor mix, including a sovereign wealth fund, a Nordic pension fund, an Asian insurance company, a global multi-manager and a US family office Commenting on the close, Crossbay CEO Marco Riva, said: “The fundraise will allow us to aggregate fundamentally granular and hard-to-access assets to create a second institutional-grade portfolio. We have been tactically deploying throughout this period and are already almost 60% committed, giving investors in the fund exposure to what we believe will prove to be an exceptional vintage for a strategy like ours.” Crossbay Chairman and MARK Capital Management chief executive Marcus Meijer added: “While there is a brightening macro-economic outlook and clear tailwinds behind urban logistics, we recognise uncertainty remains and so would like to thank our investors for placing their trust in us.” Read the full press release on our website:

Mareterra in Monaco, an investment within our urban mixed-use strategy, has been profiled in the Financial Times. Mareterra adds an extra six hectares to Monaco’s land mass through a reclamation project that involved digging into the seabed – while ensuring that all ecologically valuable wildlife remained protected. Residences there, which the FT notes are “exceptional pools of invisibility and discretion”, represent some of the most expensive pieces of real estate in the world, with prices reaching up to £120,000 per square metre. All the properties in the development – which includes 110 apartments, 10 luxury villas, and four town houses – have already been sold. The development conforms to the standards of the French Designation for sustainable development, Haute Qualité Environmentale, both in terms of its construction process and how it will be operated in the future. It features 9,000 sqm of solar panels and heat pumps to power to all heating and cooling requirements, while 40 percent of Mareterra’s urban plan is green. Of Mareterra, Prince Albert II of Monaco said, “It is a project that reflects Monaco’s enduring promise to safeguard the Mediterranean's unique beauty and biodiversity while addressing the needs of a modern, sustainable principality.” Read the full FT article here:

Cushman & Wakefield’s Q3 2024 European Investment Atlas suggests Europe's real estate market is at an inflection point as pricing stabilises, signs of growth emerge, and investor confidence improves. The research looks at some of the ways in which investment managers can capitalise on this juncture for European real estate. These include: ▶ Early entry advantage: Now presents an excellent opportunity to deploy capital, as good quality assets acquired at the bottom of market offer the highest upside potential  📈 Higher returns: As the markets recover, assets purchased during the inflection point are expected to appreciate in value, driven by improving economic indicators, increased demand, and positive sentiment  🔀 Strategic diversification: The inflection point offers a good chance for investors to diversify by investing in different property types or geographic regions that are showing nascent signs of recovery, helping to mitigate investment risk MARK Capital Management has been investing in European real estate for nearly 20 years, analysing global market trends to identify growth opportunities for investors and existing asset owners. As we enter the next phase of the cycle, we are looking to leverage our decades-long experience to the benefit of our global client base, which includes family offices, sovereign wealth funds, endowments and public and private pension schemes. The C&W research is available here:

The recovery in European real estate investment is well underway, as new research from Savills predicts volumes will reach around €170 billion by year end. The estimate is 15% higher than the total yearly volume seen in 2023, as easing inflation and looser monetary policy bring a renewed sense of optimism to the market. Some of the key findings from the research include: 📈 In addition to the predicted 15%-year end increase, 2025 is set to see a further 25% increase with a volume of €219bn  📊 Volumes are set to hit €37.1bn in Q3 2024, up 15% compared to Q3 2023  🇪🇺 Most European markets are set to see a recovery as buyer and seller expectations move further towards alignment  🏙 The logistics, hospitality, and retail sectors expected to attract significant capital  📉 Yields moved inwards in the logistics markets in Q3 2024 Read the full research here: