Europa Capital and Keystone Investment Management have acquired a portfolio of office and residential assets within the Copenhagen suburb of Valby, for €178 million. The investment is made up of two separate transactions forward-purchased from De Forenede Ejendomssekskabe (“DFE”). The portfolio includes four residential blocks comprising 318 units, and six office buildings comprising 24,989 sq. metres that have largely been refurbished to a high quality with occupancy currently of 81%. These assets are located adjacent to Europa Fund IV’s residential investment, which comprises 357 units.
Hugo Black of Europa Capital said, “We are pleased to have completed our second transaction in Valby, Copenhagen, following Europa’s acquisition of 357 of residential units in 2015. The Valby residential accommodation will help towards alleviating the supply constraint pressures in the capital city, which have been created by a growing populous”. The acquisition was carried out in joint venture with Keystone Investment management.
For further information, please contact: Gordon Simpson/Elizabeth King, Finsbury: + 44 20 7251 3801
Notes to Editors:
About Europa Capital:
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital has collectively raised 9 real estate funds and committed to over 105 transactions totalling more than €9.5 billion across 19 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Europa Capital is a member of Rockefeller Group International, Inc. (“RGI”). RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
Further information can be found at www.europacapital.com
About Keystone Investment Management:
Keystone was established in early 2013 by Morten Schultz and Sadolin & Albaek (an associate of JLL) as an asset management company focused on Danish property across the residential, retail and office sectors. The firm currently has €640 million of assets under management, comprising 56 properties.
Please visit http://www.keystoneim.dk/