Elvinger Hoss Prussen advised DG Westwind Capital LLP ("Westwind Capital") as to matters of Luxembourg law on the establishment of Westwind European Real Estate Partners I SCSp SICAV-RAIF as well as the associated sidecar investment vehicles ("WEREP" or the "Fund"), having a target size of €350 million, and its successful first closing.
Westwind Capital has announced that WEREP held a first closing with approximately €200 million of capital commitments, from a diversified base of institutional investors across Europe, Asia and North America. The Fund pursues a value-add and opportunistic strategy across the pan European living sector, targeting rental residential and student housing investments.
Alongside the first closing of the Fund, Elving Hoss Prussen also advised Westwind Capital on the Luxembourg law aspects of the first investment of WEREP into a portfolio of four purpose-built student accommodation assets comprising more than 1,400 beds across Madrid, Valencia and Granada.
Westwind Capital is a private equity real estate investment management platform with a pan-European strategy.
The Elvinger Hoss Prussen team was led by partner Jeffrey Kolbet, together with senior advisor Jingquan Li, and associates Allison Berna and Marleen Stevens on the fund formation workstream, and by partner Caroline Bocklandt, together with associates Luigi Rizzo and Solène Flamand, on the corporate team.
