US real estate investor Rockefeller Group International has bought the 75 percent stake in Europa Capital, an investment fund manager which has properties in Romania. The company manages Europa Emerging Europe Fund, which focuses on Romania, Bulgaria, Ukraine, Croatia and Serbia. The fund has properties in Bucharest, Timisoara and Cluj Napoca.

Rockefeller is a subsidiary of Mitsubishi Estate Co and exited Europe in 2006 when it sold its controlling stake in Cushman & Wakefield to the Italian Agnelli family. It was established in 1928 by oil magnate and philanthropist John D. Rockefeller Jr.

London-based Europa has raised six funds since 1995, investing EUR 6 billion in 17 European countries since 1995. It currently has EUR 2 billion of assets under management and in 2008 closed two new funds, Europa Fund III and Europa Emerging Europe.

Romania-insider.com

(Photo: Rockefeller Center landmark building)