AnaCap Financial Partners, a specialist mid-market private equity investor, has successfully closed five direct real estate investments in Italy, France and the UK.
The deal volume was not disclosed, but AnaCap said that the investments represented a total value, including both existing assets and future development, of close to €200 mln.
According to AnaCap, the transactions are diversified across asset type, comprising primarily residential, office and logistics assets; and geography, with two in Italy, two in France and the firm's first direct real estate investment in the UK.
The deals add some 750,000 ft2 (70,000 m2) of real estate to AnaCap's real estate portfolio. The firm noted that the deals continue the natural extension of its credit business, which has long been active in real estate backed debt and special situations across Europe, into direct real estate equity opportunities in the mid-market.
Sebastien Wigdo, managing director deal estate at AnaCap, said: 'Despite the ongoing uncertainty driven by Covid-19 and Brexit, AnaCap continues to see an increasing number of attractive mid-market real estate investment opportunities across Europe.
'Given AnaCap’s continued investment in its real estate platform and a growing pipeline of opportunities, we remain confident in our ability to consistently deploy capital and unlock value in real estate at attractive risk-returns.'
The acquisitions follow AnaCap’s previously announced completion of one direct real estate and five credit investments in Italy as well as its first real estate investment in Paris.
AnaCap said it was ready for further deals after boosting its team to comprise 14 investment professionals and 19 asset management professionals, including real estate experts, located across core European markets.
The pan-European platform enhances AnaCap’s ability to execute off-the-run opportunities, working in tandem with local servicing and operating partners.
This sustained activity marks AnaCap’s 5-year anniversary of investing in direct real estate across Europe, with an aggregate value of €450 mln across 10 investments in three geographies.
