Westwind Capital has completed the initial close of approximately €200 million ($228 million) across Westwind European Real Estate Partners I (WEREP) and associated sidecar investment vehicles. The initial closing attracted a diverse institutional investor base, including a European insurance company and a U.S. family office, alongside discretionary clients of Townsend from Asia and North America.
The close represents another significant milestone in Westwind’s growth, bringing the firm’s assets under management to more than €400 million ($351 million) since its first capital raise in 2024. The fund targets value-add and opportunistic investments in rental residential and purpose-built student accommodation across continental Europe and the United Kingdom.
Alongside the initial close, WEREP completed its first investment: the acquisition of four purpose-built student accommodation (PBSA) properties providing more than 1,400 beds across Granada, Madrid and Valen
