Europa Fund III and Europa Fund IV have collectively leased 143,885 sq. feet of retail space during 2016 at UK investments in Workington, Sunderland, Ayr, Great Yarmouth, Corby and Plymouth. The new lettings were to 33 tenants, generating over £2.72 million per annum of rental income. The lessees included major international and national retailers such as B&M, Dominos, KFC, Wren Living and Matalan. There were also lease renewals on an additional 73,494 sq. feet, securing a further £0.68 million per annum.
Rob Sim, Partner and Head of Northern Europe at Europa Capital LLP, commented: “The UK retail parks and shopping centres within the Europa managed Funds continue to perform well. The assets benefit from transformative business plans which strengthen their position within the respective catchments. This has supported demand from retailers and led to rental growth which we expect to continue throughout 2017″.
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