US property investor Rockefeller Group International (RGI) has acquired a majority stake in UK fund company Europa Capital, the companies said in a joint press release. The stake in Europa provides Rockefeller, a subsidiary of Mitsubishi Estate Co, with access to investment opportunities in European real estate, across multiple risk/return strategies and asset classes, they said.
US property investor Rockefeller Group International (RGI) has acquired a majority stake in UK fund company Europa Capital, the companies said in a joint press release. The stake in Europa provides Rockefeller, a subsidiary of Mitsubishi Estate Co, with access to investment opportunities in European real estate, across multiple risk/return strategies and asset classes, they said.
Dow Jones reported that RGI has acquired a 75% stake in Europa Capital and valued the investment platform at USD20 bn (EUR 14.5 bn). Europa Capital itself said it has so far invested around EUR 6 bn in 17 European countries and issued six property funds. In Germany, Europa Capital has invested in the Forum Steglitz shopping centre in Berlin and the Hofgarten-Palais in Düsseldorf.
No financial details were disclosed.