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).
- DFT roundtable: Strong QS relationships, communication and resistance to tech during the evolution of a scheme
- Homes in Canterbury named as the UK's fastest selling
- Metro Bank set to open Canterbury store
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.”
Leave a comment