Europa Fund IV’s Residential Investment Land platform, managed by Europa Capital and St Congar Land, has acquired a 50% interest in Toad’s Hole Valley, Brighton. The strategic land investment comprises a greenfield site of circa 100 acres, which has allocation for residential use and the potential of providing over 700 homes. The vendors have owned the site since the 1930s and will be jointly collaborating in the land promotion with their remaining 50% interest.
The Toad’s Hole investment builds on Europa Capital’s extensive experience of investing in UK residential land, which since its initial investment in 2010 has resulted in the acquisition of nine sites that represent an aggregate housing provision of 7,300 units to service the continued shortfall in new housing supply within the UK.
Hugo Black, Partner at Europa Capital said: “This provides a great opportunity to acquire the last remaining sizeable greenfield land site capable of providing residential use in Brighton. This acquisition is a continuation of our strategy of investing in UK residential land where we see potential to add value by providing much needed quality housing to the city.”
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 St Congar Land:
St Congar Land is a UK property company based in London’s West End that specialises in the promotion of land sites in the south of England, and with whom Europa has a long running collaborative track record. St Congar are currently acting on Europa held assets valued in excess of £100 million and split between two platforms: English Residential Land Partnership held by Europa Fund III, and Residential Investment Land held by Europa Fund IV.
Further information can be found at www.stcongar.com