Pan-European fund manager Europa Capital has reported that its transactions activity exceeded €1.1 bn in 2016, continuing the high level of activity achieved in 2015.
According to the investment manager, the majority of Europa Capital’s disposals were made from the Europa Fund III, which is at an advanced stage in terms of divestments.
'Europa has delivered another year of strong transaction activity in 2016 and is currently progressing a healthy pipeline of potential investments, while continuing to harvest assets from prior funds,' commented Jason Oram, partner at Europa Capital.
The majority of Europa’s acquisition activity has been in the core European markets of UK, France and Germany. While the traditional sectors dominated, the firm noted that activity in residential investment rivalled that of office and retail.
From its €100 mln deal for a 27-mixed-asset portfolio in the UK in January, to its disposal of a 43,000 m2 office development in Brussels in December, Europa said that increased caution in European real estate was creating appetite for its repositioned, stabilised properties and increasing investment opportunities in value-add assets.
'We expect 2017 to continue to present exciting value opportunities as markets adjust to a changing economic and political environment, but one in which institutional capital continues to search for stabilised yielding assets.' concluded Oram.
PropertyEU’s ranking of Top Investors of real estate investment managers by 2016 transaction volume is published in March 2017.
