Cain International expects to ”significantly increase” the size of its €1bn European portfolio in the coming year, the real estate investment firm said today as it announced a series of deals.
Cain said it has signed six deals across six gateway cities with four partners, establishing a diverse portfolio spanning, office, logistics, residential and mixed-use, in Ireland, Spain, and Central and Eastern Europe.
The investments which were made over the last 12 months include the development of an office project and a logistics asset in Spain and the repositioning of a mixed-use office and residential scheme and the development of an office complex in Poland.
The real estate investment firm also developed apartments in Budapest, Hungary.
Richard Pilkington, head of European equity at Cain International, said having made a number of investments in the UK and US, the company identified an opportunity to grow the business across Europe in 2017 and set about building a strong and experienced team to achieve that goal.
“We have successfully sourced and executed some great deals and are now focused on delivering them based on comprehensive business plans and close relationships with our partners.
“With additional deals in the pipeline, we look forward to further growing our European portfolio and maximising our investments through the team’s experience, contacts and creativity.”
Daniel Harris, head of European investments at Cain International, said: “We are already fielding strong leasing interest in our office investment in Barcelona and our mixed-use scheme in Warsaw, for example.
“Building on our success to date, and with current pipeline and a positive outlook for Europe, we expect to significantly increase the size of our portfolio in the coming year.”