Blackstone鈥檚 fifth European opportunistic real estate fund has attracted 鈧�7.8bn from investors.
The investment manager said Real Estate Partners Europe V is the largest ever dedicated European real estate fund.
The fundraise is just above the 鈧�7.5bn in April.
Anthony Myers, Blackstone鈥檚 head of real estate in Europe, said the fund is over 20% invested or committed.
鈥淲e continue to see compelling opportunities to deploy capital across the continent, while delivering certainty to sellers and adding value to our properties,鈥� Myers said.
鈥淲e are grateful to our limited partners for their continued support.鈥�
As reported earlier this year, one of the strategies for the fund will be to acquire office buildings in London and other major European cities with high vacancies 鈥� or those facing high vacancies in the near term 鈥� at deep discounts to estimated replacement cost.
The New York-headquartered company confirmed the 鈧�12.25bn anticipated sale of its European logistics arm Logicor to China Investment Corporation.
This week it also to buy a 鈧�3.8bn Finnish property company.
Blackstone overtook as the world鈥檚 largest real estate investment manager, with gross assets under management (AUM) of 鈧�143.2bn, according to the annual ANREV/INREV/NCREIF fund manager survey.
, Blackstone revealed it had $32.2bn of 鈥渄ry powder鈥� to invest in global real estate.
