Europa Capital LLP is pleased to announce the launch of its latest UK Debt vehicle.
The vehicle, structured as a Club with commitments of £100 million, will follow the same investment strategy as the Europa Mezzanine Fund but will provide both whole loans and mezzanine financing up to 85 per cent loan to value secured against UK commercial real estate with a focus on the regional markets.
Following the success of the Europa Mezzanine Fund, which closed in December 2016, Europa Capital intends to bring to market various UK debt products in order to further grow its debt platform in response to strong investor demand. Europa Capital has appointed David Hardcastle and Chris Swarbrick as origination consultants to broaden their network in the UK regional market. David, who is based in Leeds and Chris, based in Manchester, have joined from Barclays where they were responsible for real estate lending across the north of England.
Michael Birch, Chief Executive of the firm’s UK debt subsidiary said:
“Over the last four years we have provided around £200m of loans secured against over 6 million sq.ft. of property. During this period, the UK regional debt market has undergone significant changes due to increased regulation imposed after the GFC and further tightening post-Brexit. As a result, there are now a limited number of senior lenders who are prepared to finance transactions with more complex portfolios, with multiple properties and tenants, located across the UK.”
Tim Turnbull, Partner at Europa Capital said:
“Europa Capital have built a successful debt platform by providing suitable and flexible debt solutions to these undersupplied markets and will now further expand the product range by offering a combination of whole loans and mezzanine debt”.
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 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.
Europa Capital Debt Investment Limited (“ECDI”) (formerly Europa Capital Mezzanine Ltd) was established as a subsidiary of Europa Capital in December 2012 to provide debt investment advisory services to Europa Mezzanine Fund. ECDI will provide the same services in connection with the Fund, including advice in respect of investment loan origination and on-going loan asset management. ECDI is resourced by a dedicated team located in London.
Further information can be found at http://www.europadebtinvestment.com/.