Europa Capital and Keystone have completed on the corporate sale of a block comprising 105 newly built private rented sector (PRS) homes in the Copenhagen suburb of Valby to Heimstaden.
In September 2015, Europa Capital made a commitment to purchase 367 PRS units across five buildings in Copenhagen from DFE. Two buildings comprising 101 units were jointly sold in June 2017. The most recent sale, the third building, completed in February 2018.
In September 2016, Europa Capital and Keystone also committed to the purchase of 318 units within the same development, together with the acquisition of a 24,989 sq. metre portfolio of income producing office stock. The office assets are also located within the Copenhagen suburb of Valby.
Hugo Black of Europa Capital said, “We are pleased with the successes achieved on our disposal program at Valby. The continued population growth and limited supply of affordable rental accommodation has driven high rental growth. This in turn has created increased demand from institutional investors”.
For further information, please contact:
Gordon Simpson/Elizabeth King, Finsbury:+ 44 20 7251 3801
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 nine real estate funds and committed to over 124 transactions totalling more than €10.4 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 The Rockefeller Group International (“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 €612 million of assets under management, comprising 48 properties.
Please visit http://www.keystoneim.dk/.
