Europa Capital raises €716m

Europa Capital has secured institutional equity of €716m (£625m) for its fifth pan-European value-add fund and associated co-investment vehicle.

Seventeen international institutional investors have bought into the fund from mainly private and state pension plans. Half of commitments are from returning investors.

Jason Oram, partner at Europa Capital, said: “The success of Europa Fund V is reflective of Europa’s long-standing track record as a specialist European value-add investment manager, as well as the continued global appeal of the investment opportunity presented by European real estate.”

Fund V has already completed 10 investments in six countries and