Funds hit the market, raise capital
Several funds entered the market during June and July.
Europa Capital Partners and Generation Estates Ltd launched Europa Generation, a joint venture created to manage a new UK student accommodation fund.
The Europa Generation Student Fund will invest in prime purpose-built student accommodation throughout the United Kingdom. The acquisition strategy is focused on investment opportunities where the fund identifies potential for long-term sustainable income growth. The fund will acquire well-located assets, through forward-funding of new developments, direct development and selective investment acquisitions.
The portfolio of 1,705 beds is spread across six schemes currently being developed by Watkin Jones Group. The fund will aim to build a portfolio of around 5,000 beds over the next few years.
Asset and property manager GPEP, together with Universal-Investment, launched the BVK-Deutschland I-Immobilienfonds – FMZ fund for Bayerische Versorgungskammer.