Europa Capital transaction activity reached over €800 million in 2015, balanced between acquisitions and disposals, with the largest transaction being the sale of the Tour Vista office building in Paris.
Europa Capital’s Europa Fund IV, which closed to investors in 2014 with investment capacity in excess of €1 billion, undertook the majority of the transactions and has now substantially completed its investment programme concluding investments in the UK, Denmark, Netherlands, Spain, Czech Republic and Hungary during the year.
All the transactions have been in the traditional real estate sectors of office, retail, residential and industrial. Key deals this year include:
• March 2015: Acquisition of a 68,350 sq. metre shopping centre in Corby, UK, for close to €100 million• July 2015: Acquisition of a 25,000 sq. metre office building in Prague, Czech Republic, for €43 million• September 2015: Disposal of a 15,100 sq. metre office building in Paris, France, to the private Qatar- based investment group Alduwaliya Asset Management, for in excess of €130 million• December 2015: Acquisition of a 11,200 sq. metre office building in Guildford, UK, for €54 million
Jason Oram, Partner at Europa Capital said:“Europa has been very active in 2015 and having successfully executed our asset management initiatives on a number of investments, we were pleased to be able to realise several divestments and to return capital to investors. We anticipate maintaining sales momentum from existing funds, completing the acquisitions programme for Fund IV and moving onto the successor fund over the course of 2016.”
For further information, please contact:Gordon Simpson/Elizabeth King, Finsbury: +44 20 7251 3801
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 eight real estate funds and committed to over 90 transactions totalling some €9.0 billion across 18 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.
Further information can be found at www.europacapital.com.
Europa Capital is a member of The Rockefeller Group (“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.