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Europa Fund makes gain on CAA House

Europa Capital Partners has made a 6.7 per cent profit on its investment in the Civil Aviation Authority’s London head office, which it owned as a partner in the Blackmoor Limited Partnership.

UBS Warburg has acquired CAA House for GBP88.2 million. The offices are located at 43-59 Kingsway, London WC2 and provide 13,000 square metres of offices.

Charles Graham, chief executive of Europa Capital Partners, said: “We are currently working on a number of continental European transactions that will add to the success of Blackmoor.”

The Europa Fund has invested in transactions totalling over EURO1 billion in western and central European property and operating companies where potential exists for active management to provide superior returns. To date it has completed 11 transactions in Austria, the Czech Republic, Germany, Holland, Spain and the UK.

Most recently the fund acquired Dutch self-storage business City Box in a EURO40 million management buyout with Merrill Lynch Global Principal Investments and Westpoint Distribution Park, a 53,000 square metre warehouse and office facility in Prague.