Feb 02 2019Add to Favorites
Last year at MP Group, were so incredibly proud to announce our $59,267 donation to support the Indian based operations of the Glenn Family Foundation.
The Glenn Family Foundation was founded by philanthropist, businessman, and investor Sir Owen Glenn, and has international operations spanning Australia, Fiji, New Zealand, India, Vietnam, China, the Philippines, Nepal, Myanmar, Sri Lanka, and Bangladesh. Sir Owen has been knighted for his global philanthropic activities and contributions to support communities, and the international sporting arena.
The Indian operations of the Glenn Family Foundation include the ongoing funding of a 90 place orphanage and hostel, located in Kalimpong, at the foot of the Himalayas.
Funded by Sir Owen, the orphanage and hostel are run by Catholic nuns. Children of impoverished families in the local area are sold to local farms, tea houses, and businesses. The children, as young as four years old are then committed to daily labor for that business in exchange for one meal and a place to sleep. The nuns of the orphanage advocate on behalf of the child to transfer the child to the orphanage, where they are provided with daily nourishing meals, schooling, and accommodation until they are 18 years old. At the age of 18 tertiary education is supported and encouraged, with the aim to break the poverty cycle and so that future generations are empowered via education.
MP Group International is in the business of Building Wealth and supporting the community is fundamental to our core values. We are delighted to have the opportunity to support the activities of the Glenn Family Foundation, and as we grow, we are looking forward to doing more in this space.
MP Funds Management has provided investment funding for over $1.1 billion in real estate-based investment deals across 21 transactions and produced an average annual investment return (IRR) of 22%.
We are looking forward to working with you in 2019.
MP Funds Management update 1st Oct 2019 and investment pipeline: MP Funds Management has completed its co-investment into the acquisition of a 52,000sqm office asset in Brisbane CBD, right opposite the railway and with 98% of rental income underpinned by government tenants.
MP Funds Management has provided investment funding for approximately $1.3b in unlisted real estate since 2013 and has provided an investment return of approximately 21% annually. Whilst MP Funds Management focuses on unlisted real estate, I am always fascinated by innovation and I personally will sometimes invest in other areas. Recently I caught up with the founder of a very clever new Australian – based app called Stake https://stake.com.auwhich is a Business-to-Consumer based platform that enables Aussies to get direct exposure to the USA equities market.
United States of America
In November 2014 we co-invested with another Manager into the acquisition of a 13-level North Sydney CBD office tower for a purchase price of $36.75m or $4,665 per sqm. A total of $19.5m equity was invested with a gearing ratio of 65%, debt was locked in at a rate of c.4% for the intended five-year investment period.
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