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Blackstone closes €7.8B European property fund

Published 06/08/2017, 12:13 PM
© Reuters.  Blackstone closes €7.8B European property fund
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  • The fund will follow an "opportunistic" strategy - buying riskier properties needed renovation or repositioning. It will be the largest-ever such fund, and with leverage, could have roughly €24B of buying power.
  • Blackstone (NYSE:BX), of course, is an experienced hand in European real estate, and just sold its warehouse business there - Logicor - to China for €12.2B. Other investments include Spanish apartments, a German office building company, and billions in distressed debt backed by European property.
  • Source: Peter Grant in the WSJ
  • Now read: Alcentra Capital: Selling Stock Or Selling Out?


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