Europa Capital plans to continue to focus on the living and logistics sectors this year with residential in particular already representing almost 80% of its investment activity in 2020.
‘Living and logistics remain preferred sectors for us in 2021, having proved durable and resilient from both an occupier and capital performance perspective in 2020,’ commented Jason Oram, executive committee member at Europa Capital. ‘Our rent receipts across the entire portfolio, including offices, have been high and we continue to believe in the long term outlook for offices and the contribution they make to their occupiers. Our experience of investing through multiple economic cycles means we are in a strong position to identify compelling opportunities for our clients in 2021.’
After three years of being a net seller, Europa Capital was a net buyer in 2020, with acquisitions coming in at €285 mln and disposals amounting to a volume believed to be around €215 mln. In total, the firm transacted close to €500 mln, a more modest level than in previous years, as the firm prudently selected opportunities in an uncertain market as a result of the Covid-19 pandemic. Acquisitions were secured across the risk spectrum on behalf of Europa’s value add and core investment strategies.
Deals were signed in London and Copenhagen, adding to Europa Capital’s long standing track record in the living sector, into which it has invested €1.2 bn into purpose built PRS and student accommodation, totalling more than 10,000 beds, since 2012.
Having entered the start of the pandemic with no legacy assets and almost €600 mln of investor commitments, Europa Capital’s latest value-add fund commenced investment activity focusing on the logistics sector in Germany and the Netherlands.
Europa Capital also continued to diversify its range of investment products, completing a first close of the Europa Diversified Income Fund, raising €350 mln of equity, most of which is invested in residential and logistics.
