Europa Capital has made a further residential investment in Denmark on behalf of its core real estate fund.
The pan-European real estate investment manager, working with Copenhagen-based Keystone Investment Management, has invested an undisclosed amount to buy a further 38 residential units in the Østerbro area of Copenhagen on behalf of its Europa Diversified Income Fund (EDIF).
The 3,467sqm building at Nygaardsvej 27, constructed in 2017 is fully leased.
The open-ended EDIF fund, which held its €350m first close in November last year, targets assets in Western Europe, with a focus on France, Germany, the Netherlands and Denmark.
In March, the manager invested €88m on behalf of the core real estate fund to buy 178 newly developed residential units across four buildings in the Amager area of Copenhagen from Gefion.
Andy Watson, partner and fund manager at Europa Capital, said: “After the recent PRS acquisitions in Amager, we are pleased to add a further prime Copenhagen residential asset to our diversified income portfolio. This is the 15th asset in the Fund and takes the annual fund income to almost €20m.
”We continue to look for more acquisition opportunities as we build an asset base with a focus on liquid investments in the most liquid markets of continental Europe.”
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