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Europa Capital promotes nine, completes £46m sale

In addition to making multiple appointments, the London-based private equity firm has also exited one of its investments for over £46 million (€59.45 million; $69.99 million).

London-based private equity real estate firm Europa Capital has made a series of appointments and promotions.

Hugo Black, James Fortescue, Tom Vail and Helen Muir were promoted to the position of director. James Brodie, James Farmer, Kerry Noonan and James Pennington were promoted to associate director, while Gergely Koos-Hutas, who was the asset manager for the firm’s operations in Germany and France, has become senior associate.

On the appointments side, George Minns has been brought in as a senior associate in the southern Europe acquisition team. Six new hires were made in the finance teams: Fiona Clark, Richard Mason, Nayan Mistry, Mark Pennington, Melissa Porteous and Thomas Wayling. In addition, Jack McCarron and Suhui Wang have been roped in to provide analytical support to the acquisitions team.

“Europe Capital is delighted to confirm these promotions and new members joining our team in the last 12 months. We look forward to the continued development of our people and their significant contribution to our success,” Richard Collins, the firm’s chief operating office said in a statement.

The firm said it expected to add more people to its team over the first few months of 2015.

Meanwhile on the investments side, the firm also announced the sale of 2 Roundwood Avenue located in London’s Stockley Park to TIAA Henderson Real Estate for a price in excess of £46 million (€59.45 million; $69.99 million). The purchase was made on behalf of the Henderson UK Property OEIC.

The portfolio of two co-joined buildings was purchased in early 2013 under the joint venture partnership between Europa and Cordatus Real Estate. The buildings, spread over 97,720 square feet, have been let to Gilead for a ten-year period.

“We have been delighted with our joint venture with Cordatus, the quality of the refurbishment has transformed one of the original Stockley buildings into a grade A headquarters for Gilead. The completed building has proved attractive to investors with a number of unsolicited approaches and we are very pleased to have completed the sale to Henderson,” said Rob Sim, partner and head of northern Europe at Europa.

BNP Paribas represented the partners in the sale process while Maples Teesdale was their legal representative. 

Europa Capital has so far raised seven real estate funds and committed to deals totaling £8 billion across 18 European countries. In July 2014, the firm raised 600 million for the fourth in its series of pan-regional opportunistic funds, the first opportunity fund closed by the firm since the Rockfeller Group acquired a majority stake in it in the year 2010.