Europa Capital targets urbanization-led opportunities

Europa Capital reached €1.34 billion ($1.54 billion) of transactions in 2018, including contracted sales of €785 million ($901 million).

The majority of sales were undertaken on behalf of Europa Fund IV and in the office sector; however, one of the standout sales was the opportunistic disposal of the Plac Malachowskiego office building in Warsaw from the most recent value-added fund, Europa Fund V, which held a final close in 2018. That sale set a record low yield for Warsaw offices and delivered an IRR in excess of 60 percent, according to Europa Capital.

Residential sales in the United Kingdom and Denmark of more than €200 million ($230 million) also contributed meaningfully to the transaction total and included the sale of residential land, individual units and entire residential apartment blocks to the growing number of multifamily institutional investors in Europe.

The office and residential sectors constituted the largest components of Europa Capital