Composition Capital Partners has finalised three residential and commercial property investments in Germany and the Nordics on behalf of its second Europe Fund, which is now fully invested. Financial details were not disclosed.

In Germany, Composition has teamed up with an unnamed German residential leasing market specialist to acquire a residential portfolio of more than 2,000 individual units in Nordrhein-Westfalen. The company plans to extract value from the assets by abandoning the current individual unit sales programme and concentrating instead on a leasing programme to improve occupancy and values.

The fund manager has also made its first investment on behalf of a recently-created German joint venture focusing on the provision of preferred equity in largely de-risked development projects. The deal involves a 15,000-m2 city-centre retail conversion & redevelopment project in the south-western part of Germany.

On completion of the deals, the portfolio of Composition Capital Europe Fund II comprises 10 real estate investments in nine European countries.

Composition Capital Partners is an independent investment management boutique firm with offices in Amsterdam and Hong Kong. The company manages some $800 mln of assets on behalf of institutional investors, mainly pension funds, university endowments and foundations, from Europe, Asia and North America.