Capital Europa invested 88 million euros in Danish residential property on behalf of its core actual property fund.
The pan-European actual property funding supervisor, along with Copenhagen-based Keystone Funding Administration, has accomplished the acquisition of 178 newly developed residential models in 4 buildings within the Amager district of Copenhagen from Gefion.
Europe, on behalf of Europa Diversified Revenue Fund (EDIF), entered right into a time period dedication with Gefion in Could of final yr and has now taken possession of the property upon completion and lease.
Open-ended EDIF, which held its first shut of 350 million euros in November final yr, targets property in Western Europe, with a give attention to France, Germany, the Netherlands and Denmark.
The acquisition of those property in Copenhagen brings the gross asset worth of the fund to just about € 400m, with two-thirds of the revenues within the logistics and residing sectors, which at present stay on the middle of its technique. funding.
Andy Watson, Accomplice and Fund Supervisor at Europa Capital, mentioned: “We view Residential PRS as a long-term, low-volatility spine of our diversified earnings portfolio.
“We’re happy to have discovered and exploited this chance for EDIF with Keystone, an area associate with specialised residential expertise and stable expertise with Europa Capital in Copenhagen, a metropolis we favor for its robust fundamentals of inhabitants progress.
“The profitable rental of those 4 buildings additionally demonstrates the enchantment of top quality amenities in a singular waterfront location.
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