Blackstone: The largest Real Estate fund in history
The current situation does not stop one of the biggest players in the real estate scene. The American fund Blackstone has managed to raise 9.8 billion euros for which it has become the largest real estate fund in history. The US manager has announced its division Blackstone Real Estate Partners Europe VI (BREP Europe VI).
The company thus repeats the milestone of last year, when it closed a fund of almost 19,000 million euros, the largest globally focused on the real estate market. However, the announcement you make has a greater impact considering the current environment.
The European vehicle BREP Europe VI already made its first investment in September last year with the purchase of the Dream Global Real Estate Trust, a portfolio of 4.4 billion made up of logistics and office assets.
The company assures that they have a strong representation of new investors as well as other recurring investors from all over the world, including public sector pension plans that represent millions of retirees, highlighting that the important demand of the fund is a testimony to the confidence that the Investors have the ability to deploy long-term strategic capital in assets and businesses across Europe.