AnaCap’s European property deals boost portfolio by €200m

AnaCap Financial Partners has acquired five assets, which will add close to €200m in value to its European real estate portfolio.

The specialist mid-market private equity investor said the five direct real estate investments include residential, office and logistics assets located in Italy, in France and the UK.

The UK asset represents the firm’s first direct real estate investment in the country.

AnaCap said the investments represent a total value, including both existing assets and future development, of close to €200m.

“This continues the natural extension of its credit business, which has long been active in real estate backed debt and special situations across Europe, into direct real estate equity opportunities in the mid-market.

The deal marks AnaCap’s 5-year anniversary of investing in direct real estate across Europe, with an aggregate value of €450m across 10 investments in 3 geographies, the company said.

Sebastien Wigdo, real estate managing director at AnaCap Financial Partners, said: “Despite the ongoing uncertainty driven by Covid-19 and Brexit, AnaCap continues to see an increasing number of attractive mid-market real estate investment opportunities across Europe.

“Given AnaCap’s continued investment in its real estate platform and a growing pipeline of opportunities, we remain confident in our ability to consistently deploy capital and unlock value in real estate at attractive risk-returns.”