Europa Fund III and Europa Fund IV have successfully leased 94,717 sq. feet of retail space during 2015 at investments in Ayr, Great Yarmouth, Corby and Workington. The new lettings were to 29 tenants, generating over £1.2 million per annum of new income for the Funds. This included lettings to major international and national retailers such as Marks and Spencer, HMV, DW Sports and Poundworld. In addition there were lease renewals on a further 42,000 sq feet, securing a further £0.5 million per annum.
Rob Sim, Partner and Head of Northern Europe at Europa Capital LLP, commented: “The Europa managed Funds continue to benefit from careful stock selection and strong asset management. As a result, letting activity in 2015 was ahead of business plan in terms of the quality of tenants and rents achieved. We expect to see a further improvement in the tenant profile in 2016, as retailers continue to focus their expansion plans on strong performing retail assets.”
For further information, please contact:Gordon Simpson/Elizabeth King, Finsbury PR: +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.
