The fund’s business plan for the asset has been completed two years ahead of schedule.
This is the first exit for the London-based, pan-European private equity real estate investor’s DFI European Value Add Fund (DFI EVAF).
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The fund was closed in July 2019 with €436m (approximately £367m) of equity, including co-investment.
DFI has already assembled a portfolio of around €1bn (approximately £841m) in value, which is diversified across five European markets.
Gavin Neilan, co-founder and co-managing partner at DFI, said: “To have sold this property two years ahead of our business plan … illustrates our capacity to actively create value in operational real estate and unlock the full potential of our portfolio.”