Europa Capital, the pan-European real estate investment manager, announces that its core fund, the Europa Diversified Income Fund (“EDIF” or the “Fund”), has been admitted to the INREV Open End Diversified Core Equity Fund (ODCE) Index, having met the Index’s strict inclusion criteria and reflecting its standards of governance and reporting.
EDIF is approaching €500 million GAV, with two thirds of the portfolio in the outperforming logistics and residential sectors where Europe’s rental growth prospects are strongest. Through leveraging Europa Capital’s track-record in delivering value-add income growth, EDIF aims to provide long-term outperformance of market benchmarks, for which ESG considerations are a key performance metric.
The Fund’s portfolio comprises 16 assets across France, Germany, the Netherlands, and Denmark, which generate stable and diversified income. The Fund focuses on futureproofing its portfolio through ESG and decarbonisation initiatives and ensuring resilient income generation and continued liquidity in the face of disruptions.
The recent inclusion in the INREV ODCE Index coincides with the continued growth of the dedicated Fund team, with the appointment of Emilie Bouthors as Portfolio Manager and Diederik Bakker as Asset Manager.
The INREV ODCE Index measures the performance of the Open-Ended Diversified Core Equity institutional non-listed real estate funds with a strategy to invest across Europe and across multiple sectors. As at Q4 2021 reporting period, the Index includes 14 funds and has a GAV of over €40 billion.
Andy Watson, Partner & Fund Manager at Europa Capital, commented: “Joining the INREV ODCE Index is a major milestone for EDIF and we look forward to participating alongside our peers in the Index in addition to generating additional transparency for our existing and future investor clients.”
Lonneke Löwik, INREV CEO commented: “We’re delighted that Europa Capital’s Europa Diversified Income Fund has joined the INREV ODCE Index. Our ongoing ambition is to strengthen and broaden the quality of the Index in order to offer our members the most comprehensive and transparent view possible of this key part of the European non-listed real estate market. That means continuing to add new contributors to the Index whenever it’s appropriate.’