Natixis Capital Partners, a European real estate investment specialist, has launched its third private equity real estate fund, Captiva Capital Partners III, after raising EUR 420 mln in equity from European institutional investors. The fund had its final closing at the beginning of 2009.
Natixis Capital Partners, a European real estate investment specialist, has launched its third private equity real estate fund, Captiva Capital Partners III, after raising EUR 420 mln in equity from European institutional investors. The fund had its final closing at the beginning of 2009.
Captiva III uses three sector-specific investment platforms to invest in the German and Italian real estate markets. The Agapia platform focuses on German healthcare properties, while Axiom is targeting German mixed-used industrial properties. The Mercurio platform focuses on Italian retail warehousing.
Natixis said the fund's Italian platform investment is complemented by a 49.9% interest in CDS Group, a leading developer and builder of Italian retail properties. Natixis said it also has a dedicated management team in Paris to source opportunistic corporate real estate investments with re-development potential in France. Through its specialist team in local offices, Natixis Capital Partners intends to source corporate opportunistic real estate investments throughout its target areas.
John van Oost, managing partner of NCP commented: 'Since creating NCP in 2001, our strategy has focused on executing corporate transactions, including structured sale and leasebacks and pre-let developments.
'As the global credit crisis has significantly reduced access to capital, corporations and governments are increasingly considering their real estate assets as an instrument to generate liquidity. Whilst this is particularly true in the current environment, we see this trend continuing in the longer term.'
M3 Capital Partners and Natixis advised NCP with regard to Captiva III.
