Investment program at Europa Capital Fund IV nears completion

Europa Capital transaction activity exceeded €800m in 2015 through a combination of acquisitions and disposals, with the largest deal being the sale of the Tour Vista office building in Paris.

The €1bn-plus Europa Fund IV, which closed to investors in 2014, was responsible for the majority of the transactions and is now nearing the end of its investment programme, with assets having been acquired in the UK, Denmark, Netherlands, Spain, Czech Republic and Hungary.

All the transactions have been in the traditional real estate sectors of office, retail, residential and industrial. Key deals this year include a €100m, 68,350 sqm shopping center in Corby, UK; a €43m office building in Prague; the sale of a 15,100 sqm office building in Parise (to Alduwaliya Asset Management) for over €130m; and the acquisition of a 11,200 sqm office building in Guildford, UK.
Jason Oram, Partner at Europa Capital said the company had successfully executed its asset management initiatives on a number of investments, along with returning 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.”