Blackstone has raised almost €7.8bn (£6.8bn) to create the largest dedicated European real estate fund.
Its fifth European opportunistic real estate fund, Blackstone Real Estate Partners Europe V, announced its final close this morning.
Anthony Myers, Blackstone’s head of real estate Europe, said: “We are grateful to our limited partners for their continued support. The fund is already more than 20% invested or committed, and we continue to see compelling opportunities to deploy capital across the Continent, while delivering certainty to sellers and adding value to our properties.”
Blackstone’s real estate business, founded in 1991, has around $102bn in investor capital under management.
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