Howard Holdings has today announced that £5 million of funding by Europa Fund II, advised by Europa Capital LLP, has been committed to the regeneration project for the Pavilion and Ferry Terminal site. The funding goes towards the large investment already committed by Howard Holdings and supports the development team’s commitment to complete the project before the Olympics in 2012.

Europa Capital is an independent real estate fund management group operating from offices across Europe. Since 1995, Europa Capital’s Principals have collectively raised 5 real estate funds and committed to over 50 transactions totalling in excess of €4.4 billion across 14 European countries. Europa Capital LLP is regulated by the Financial Services Authority.

Martin Jepson said: “This funding adds to the healthy finances that we have in place to see the scheme through to completion. Europa Capital is a well-known fund in the property industry with an excellent portfolio and an excellent reputation.”

Robert Sim, at Europa Capital, said: “The proposed development in Weymouth is an exciting project that will bring renewed vibrancy and improved community facilities to the Weymouth and Portland area. We are delighted to be partnering with a reputable developer like Howard Holdings to take the project forward to planning and, subject to approval, to completion.”

ENDS

For further information:
Sophie Eastwood
The Holistic Group
Tel: 07709 359 529
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
www.weymouthpaviliondevelopment.co.uk

Notes to Editors

Europa Capital is an independent real estate fund management group operating from offices across Europe. Since 1995, Europa Capital’s Principals have collectively raised 5 real estate funds and committed to over 50 transactions totalling in excess of €4.4 billion across 14 European countries.

Europa Capital operates two pan-European closed ended real estate funds, which invest across the enlarged European Union countries, Norway and Switzerland. Europa Fund I has undertaken 14 transactions in Austria, Czech Republic, Germany, Spain, The Netherlands and the United Kingdom. Europa Fund II has to date completed 22 transactions in Hungary, Poland, The Netherlands, Italy, Germany, Greece, Belgium, Norway, Slovakia, the Czech Republic and the United Kingdom. In addition, Europa Capital manages a closed ended fund to invest in Bulgaria, Romania and certain Eastern European countries outside the European Union.

Europa Funds benefit from Europa Capital’s network of exclusive Country Partners, who co-invest in acquisitions made by the Europa Funds in their territory. Many of the Country Partners have worked closely with the Principals of Europa Capital during the last 20 years. Further information can be found at www.europacapital.com

Europa Capital LLP is regulated by the Financial Services Authority