LONDON-Mitsubishi Estate Co., based in Tokyo, has increased its presence in Europe, with the acquisition of locally-based Europa Capital LLP. The New York City-based Rockefeller Group International Inc., a Mitsubishi subsidiary, will acquire a majority interest in Europa.
Europa is a real estate fund management group based in London. The firm has raised six real estate funds, and has invested more than $6 billion in 17 European countries since 1995. The combined Rockefeller and Europa companies represent a $20 billion firm.
Kevin Hackett, president and CEO of Rockefeller, said the acquisition is a step in the right direction to make the company a global investment platform. “We are impressed by the quality of the Europa management and appreciate the confidence with which they are regarded by their investors,” Hackett said in a statement. “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.”
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