AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor, today announces the successful closure of five direct real estate investments. 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 transactions are diversified across asset type (primarily residential, office and logistics assets) and geography (2 in Italy, 2 in France and AnaCap’s first direct real estate investment in the UK). In aggregate, the investments represent a total value, including both existing assets and future development, of close to €200 million, representing an increase in the AnaCap real estate portfolio of over 750,000 square footage across the respective geographies.
These investments further demonstrate AnaCap’s ability to deploy capital in a post COVID-19 environment via a targeted blend of real estate debt and equity from a growing pipeline of attractive opportunities across Europe, an investment market that is expected to grow by 8.5% in terms of volumes in 2021. This follows on from AnaCap’s previously announced completion of one direct real estate and five credit investments in Italy as well as its first real estate investment in Paris.
In order to capitalise on a growing market opportunity and pipeline, AnaCap continued to further enhance its origination, execution and asset management capabilities across both credit and real estate in 2020, now boasting a team of 14 investment professionals and 19 asset management professionals, including real estate experts, strategically located across core European markets. The pan-European platform enhances AnaCap’s ability to execute off-the-run opportunities, working in tandem with local servicing and operating partners.
This sustained activity marks AnaCap’s 5-year anniversary of investing in direct real estate across Europe, with an aggregate value of ~€450 million across 10 investments in 3 geographies.
Sebastien Wigdo, Managing Director (Real Estate) at AnaCap, commented: “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.”