Europa Capital Fund IV nears completion of investment programme – EuropaProperty

Europa Capital transaction activity reached over €800 million in 2015, balanced between acquisitions and disposals, with the largest transaction being the sale of the Tour Vista office building in Paris.

Europa Capital’s Europa Fund IV, which closed to investors in 2014 with investment capacity in excess of €1 billion, undertook the majority of the transactions and has now substantially completed its investment programme concluding investments in the UK, Denmark, Netherlands, Spain, Czech Republic and Hungary during the year.

All the transactions have been in the traditional real estate sectors of office, retail, residential and industrial. Key deals this year include:

March 2015: Acquisition of a 68,350 sqm shopping centre in Corby, UK, for close to €100 million.

July 2015: Acquisition of a 25,000 sqm office building in Prague, Czech Republic, for €43 million.

September 2015: Disposal of a 15,100 sqm office building in Paris, France, to the private Qatar- based investment group Alduwaliya Asset Management, for in excess of €130 million December 2015: Acquisition of an 11,200 sqm office building in Guildford, UK, for €54 million.

Jason Oram, Partner at Europa Capital said: “Europa has been very active in 2015 and having successfully executed our asset management initiatives on a number of investments, we were pleased to be able to realise several divestments and to return capital to investors. We anticipate maintaining sales momentum from existing funds, completing the acquisitions programme for Fund IV and moving onto the successor fund over the course of 2016.”