Europa Capital and Keystone Investment Management have unconditionally exchanged contracts on the corporate sale of a newly built residential block of 97 units in the Copenhagen suburb of Valby to Patrizia. This is the final asset to be realised from Europa Capital’s Fund IV Valby portfolio, which was acquired in September 2015 on a commitment to purchase basis and comprised 367 units, which has sold in phases since June 2017.
Hugo Black of Europa Capital said, “We are pleased to have contributed towards the evolution of Valby from a predominately industrial area into an aspirational residential community. We will continue this effort with the real estate owned within Europa Fund V that is in the same location.”
For further information, please contact: Finsbury: + 44 20 7251 3801
About Europa Capital:
Europa Capital is a real estate fund manager focused on European markets. For more than 20 years, Europa Capital has been delivering risk adjusted returns for a global audience of investors. We focus on investment returns driven by real estate fundamentals in both equity and debt strategies.
Since 1995, Europa Capital has collectively raised nine real estate funds and committed to over 128 transactions totalling more than €10.9 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”), a subsidiary of Mitsubishi Estate Co. Ltd. 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 is an asset management company focused on Danish property across the residential, retail and office sectors. The firm currently has €665 million of assets under management, comprising 59 properties.
Please visit http://www.keystoneim.dk/