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.
Despite the fact that sentiment has improved in the residential media and commentary space it looks like we may have a way to go before actual material improvement is seen overall. MP Funds Management invests in all property sectors (commercial – retail- mixed-use, etc), not just the residential debt (and or equity) space. The reason I am so fascinated with the residential sector is that I think the sentiment surrounding the residential space is ultimately what governs sentiment for the larger segment of the population who own our c. 10million residential dwellings. which is a fairly accurate indicator of the overall economy and investor sentiment.
When I started MP Group about 9 years ago, I knew I wanted to create a funds management business. The company started off as an advisory business with the MP Report as a way to market ourselves – we also used it for research purposes. Up until this point I had been in the commercial industrial and residential agency and development space since I was 19. I had years of property experience across all sectors and as a result had developed a strong understanding of our how property behaves.
In a twist of fate, market sentiment is in full bloom after the results announcement of the Australian Federal Election. The Aussie dollar is falling which isn’t great if you are looking for opportunity because will create greater in-flows of offshore capital and result in localised competition.
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