Rockefeller Group International Becomes Strategic Investor in Europa Capital LLP
Creates a Global Real Estate Investment Management Platform
With Access to Investment Opportunities in European Real Estate
London And New York, October 4, 2010 -- Europa Capital LLP (Europa), Rockefeller Group International, Inc. (RGI) and Mitsubishi Estate Co., Ltd. (MEC) are pleased to announce that RGI has become a strategic investor in Europa. Under the terms of the transaction, RGI – a US subsidiary of MEC – will acquire a majority interest in Europa.
This creates a global real estate investment management platform, with Europa providing the access to investment opportunities in European real estate, across multiple risk/return strategies and asset classes.
Europa is a European real estate fund management group based in London, which has raised 6 real estate funds, and invested over €6.0 billion in 17 European countries since 1995. Europa has a proven track record across European markets, and benefits from a network of partners, many of whom have worked closely with its Principals for at least 20 years.
RGI is a private corporation focused on the ownership, development, investment and management of commercial real estate. Established in 1928, RGI is owned by MEC, a world leader in commercial real estate. RGI’s investment and commitment will generate significant opportunities through its financial strength, international reputation and global access to investors.
While the scope of Europa’s business is likely to broaden, the group’s strategy will remain unchanged and its day-to-day operations will continue to be led by its Principals, who will retain a significant minority interest.
The Principals of Europa commented: “We are delighted to welcome the involvement of RGI in Europa. This is a dynamic time for the real estate market and property fund management business and we see significant scope for developing our business from its established base through the introduction of a strategic investor with an international reach. We are confident that MEC and RGI’s financial strength and experience will be a key contributor to our future growth.”
Kevin R. Hackett, President and CEO of RGI, said: “The alliance with Europa is a significant step in the realization of a RGI/MEC global real estate investment management platform. We are impressed by the quality of the Europa management and appreciate the confidence with which they are regarded by their investors. This investment represents an exciting new chapter in the history of RGI and we look forward to the opportunity to share our considerable commercial real estate expertise with investors around the world. “
About Europa Capital:
Europa Capital is a real estate fund management group operating across Europe. Since 1995, Europa Capital’s Principals have collectively raised 6 real estate funds and committed to over 60 transactions totaling some €6.0 billion across 17 European countries. In 2008, Europa Capital closed two new investment funds for European property investment being Europa Fund III and Europa Emerging Europe which invests in Eastern Europe. Together, these funds give Europa Capital €895m of additional equity to invest.
The Europa Funds benefit from Europa Capital’s network of partners, who co-invest in acquisitions made by the Europa Funds in their territory. Many of the partners have worked closely with the Principals of Europa Capital during the last 20 years. Further information can be found at www.europacapital.com. Europa Capital Partners LLP and Europa Capital LLP are authorized and regulated by the Financial Services Authority.
About Rockefeller Group International, Inc:
Rockefeller Group International, Inc. (RGI) is a private corporation dedicated to excellence in commercial real estate ownership, development, property management and investment management services. RGI was initially established in 1928 by John D. Rockefeller Jr. to develop the Rockefeller Center complex in Midtown Manhattan. Headquartered in New York City and owned by Mitsubishi Estate Co., Ltd. (TYO: 8802), a world leader in commercial real estate, RGI is an owner, developer, and institutional manager of major urban and suburban office buildings, corporate headquarters, industrial distribution centers, mixed-use complexes and business suites. RGI, through Rockefeller Group Investment Management, offers investors the opportunity to partner with the company, developing and acquiring commercial real estate globally through equity funds and joint ventures.
RGI has four primary businesses operated through subsidiaries: Rockefeller Group Investment Management, Rockefeller Group Development Corporation, Rockefeller Group Technology Solutions and Rockefeller Group Business Centers. The company has offices in Arizona, California, Florida, Maryland, New Jersey, New York and Washington D.C.
About Mitsubishi Estate Co., Ltd:
Mitsubishi Estate Co., Ltd (MEC) is a leading international property development and investment company with a substantial commercial and residential portfolio in Japan, which includes over 30 major buildings in Marunouchi, Tokyo's central business district. MEC is best known in the UK for its highly successful and critically acclaimed redevelopment of Paternoster Square in the City of London.
In the USA, MEC owns Rockefeller Group International, Inc., the commercial real estate, real estate services, and technology solution services company and the developer of Rockefeller Center.
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