The European Real Estate Platform
DeA Capital Real Estate is an investment management business focused exclusively on European real estate, with a network of seven offices of 180 local experts in Milan, Rome, Paris, Madrid, Warsaw, Munich and London. We manage €13.5bn AUM in assets through 56 real estate vehicles and hold more than 650 assets predominantly across gateway cities in Europe.
We offer best-in-class Pan-European asset management with an experienced and stable senior team, boasting an excellence in acquiring, developing, financing, leasing, managing and disposing of assets. We have an in-depth expertise in the structuring and managing of investment vehicles, whilst always maintaining our fiduciary responsibility to clients.
The business invests in various geographies and markets, across sectors, including logistics, living, encompassing student accommodation, hotels and mixed-use. DeA Capital Real Estate invests in sustainable developments to the managing and holding of the highest quality core assets.
Since January 2019, DeA Capital Real Estate has adhered to the PRI, a United Nations initiative created in 2006 to promote the adoption of ESG principles in asset management.
Sustainability
DeA Capital Real Estate considers ESG issues to be an integral part of its business model and it is committed to increasing the number of funds and assets classified according to the principles defined by the European SFDR Regulation on sustainability in the financial services sector, pursuant to article 8.
ESG strategies are based on four key pillars: advocate, engage and act responsibly; develop, renovate and manage efficient and sustainable buildings; be people-centric; participate in the creation of sustainable cities of the future.
With its strategy, DeA Capital RE intends to contribute to the achievement of numerous United Nations’ Sustainable Development Goals (UN SDGs or Agenda 2030).
20 AIFS classified as Article 8 under the SFDR reached €3.5bn in 2023 (30% of total open market value managed).
DeA Capital Real Estate is launching various initiatives that are dedicated to positively impacting communities.
Sector forecasts
LOGISTICS:
The logistics sector continues to grow, with historically low vacancy rates continuing to support rental growth. The demand for logistics spaces will remain strong, driven by the ongoing consolidation of e-commerce. However, limited capital availability may continue to impact investment volumes. The growth in rental rates will help close the price gap between sellers and buyers. Additionally, there is an increasing focus on ESG fundamentals, with growing attention to social issues. DeA Capital Real Estate holds €1.9bn of logistics assets across Europe, representing ~17% of total AUM and continues to grow its exposure.
LIVING:
The living sector will face high mortgage rates that will reduce transactions. Demand for rental housing will continue to drive rent growth. There is high interest in Build-to-Rent (BTR) projects despite high construction and financing costs. The shortage of student housing strengthens investors’ interest in student accommodations. Additionally, there is increasing focus on social sustainability issues within the ESG framework. DeA Capital Real Estate is accelerating its presence across Europe in the living sector via several targeted joint ventures.
HOSPITALITY:
The hospitality sector is set to benefit from the strong performance, translated in record ADRs, of the hotel industry, which offsets rising operational costs. The pipeline of new developments over the next three years will be driven by international operators. Investments will be characterized by smaller deal sizes, while there remains high interest in value-add opportunities. ESG paradigms will increasingly influence the decisions of investors, operators, and customers. DeA Capital’s footprint across Europe will provide us with an increasing number of opportunities in the hospitality sector.
MIXED-USE:
The office real estate sector is expected to be characterized by a sustained demand for quality spaces, driven by increasingly selective occupiers. Despite a slowing economic context, the demand for office spaces will remain solid. Investor choices are increasingly focused on prime assets with low vacancy risk. However, the prospects of new repricing are expected to slow down the recovery of investments. Despite this context, offices are expected to generate attractive investment opportunities for those assets in strategic locations and those capable of implementing high-quality specifications.
Investment principles & strategy
- Large pan-European network
Our network of local offices ensures that we have a close and regular working relationship with major investment firms, agents, vendors and banks across Europe. - Deep regulatory and compliance experience
Authorised alternative investment fund manager in Italy and Luxembourg with experience of setting up vehicles in several other locations. Long track record dealing with regulatory bodies across multiple jurisdictions. - Asset management capabilities
DeA Capital Real Estate boasts in-depth knowledge of asset management, ranging from strong tenant and service provider relationships, ground-up development capabilities to heavy capex programmes of landmark assets, we have shown we are able to successfully deliver on a wide range of initiatives with local expertise. - People first
We are committed to the professional growth of our people through continuous training, promoting the value of human relationships with a focus on the quality of work and relationships. - Integrity
We build the trust of our clients through ethical, legal, and transparent behaviours in all the activities of the group, especially in managing relationships with clients, personnel, and all relevant stakeholders. - Alignment of interests
DeA Capital Real Estate will always ensure that the structure of any investment aligns interests between us and our partners. We are co-investors alongside our partners into investment opportunities - History and track record
DeA Capital Real Estate was established in October 2011 as the result of the incorporation of First Atlantic RE SGR S.p.A. into FIMIT SGR.The company combined two of the largest real estate investors in the Italian market. In 2017, the company formerly known as IDeA FIMIT SGR was rebranded in DeA Capital Real Estate SGR.
In 2018, the asset manager began the set-up of a pan-European real estate platform with the purpose of offering asset and investment management services across France, Spain, Portugal, Germany and Poland. DeA Capital Real Estate has since attracted domestic and international investors, including pension funds, financial institutions and sovereign wealth funds.
With 56 vehicles under management of which two are listed on Borsa Italiana, SICAF and one Luxembourg law fund, for a total of €13.5bn of AUM and a total volume of acquisition and disposals of c. €1.2 bn combined for the year ending 2023, DeA Capital Real Estate is able to provide an extensive track record across the risk spectrum.
Compliance Statement
The information contained herein is subject to change, does not purport to be complete and is qualified in its entirety by other information that may be subsequently provided.
None of the information in this profile is intended to give rise to any legal claims for performance, damages or of any other nature against DeA Capital Real Estate SGR or any of its affiliates or their respective officers and employees. Such claims would have to be based on separate, legally binding agreements which are not intended to be implicitly included in this profile or the provision thereof to the recipient.
Although this profile has been compiled with care, neither DeA Capital Real Estate SGR nor its advisors nor their respective affiliates, partners and employees make any representation or warranty as to the accuracy or completeness of the contents of this information and take no responsibility for any loss or damage differed as a result of any omissions, inadequacy or inaccuracy herein (except in the case of willful misconduct). While we are of the view that the information and interpretations contained in the profile are correct at the time that this profile is being published, please note that facts and realities may change over time due to changes in general market conditions or the legal environment or for other reasons. We undertake no obligation to update this profile at any time in the future. Statements contained in this profile, that are not historical facts, are based on current expectations, estimates, projections, opinions and beliefs of DeA Capital Real Estate SGR.
