Press release issued by Blue Colibri in respect of Blue Colibri Capital Partners II
Blue Colibri Capital Partners Closes Fund II with EUR 165 Million of Commitments
24 July 2015
LUXEMBOURG — Blue Colibri, an independent real estate private equity firm that invests in opportunistic real estate in Europe announced today the final closing of Blue Colibri Capital Partners II (“Fund II” or “the Fund”). Fund II exceeded its EUR 150 million target closing at its hard cap of EUR 165 million; the Fund was oversubscribed.
Fund II will pursue the same investment strategy Blue Colibri has employed since the firm’s inception – buying and transforming non-institutional real estate into institutional real estate. Blue Colibri capitalises on the gap in pricing between core and non-core real estate and invests exclusively in office, retail, and hotel properties in select cities in Germany, Austria, and France. Blue Colibri creates value by buying distressed or poorly managed assets at attractive entry points and refurbishes, revitalises, and redevelops them – creating real estate attractive to core buyers. The firm has a senior team of professionals with extensive real estate, investment banking, private equity, and consulting experience.
Fund II received commitments from existing and new investors, including endowments, funds-of-funds, and family offices.
MVision Private Equity Advisers acted as global fundraising advisor and King & Wood Mallesons LLP acted as legal advisor.
ABOUT BLUE COLIBRI:
Blue Colibri Capital is an independent real estate private equity investment firm based in Luxembourg, pursuing opportunistic real estate investments in Germany, France and Austria. Blue Colibri buys distressed real estate well below replacement cost, executes significant refurbishments at the property level, and sells to core buyers seeking cash flow.
For further information, please visit: www.bcc.gg.
Blue Colibri Capital SARL
Charotte Duhayon, Project Manager
T: +33 6 17182767 | E: email@example.com