Blackstone Real Estate Partners Europe V raises €7.8 billion
Blackstone announced that it has held its final close on its fifth European opportunistic real estate fund, Blackstone Real Estate Partners Europe V (“BREP Europe V”). Together with commitments from Blackstone and its affiliates, BREP Europe V has €7.8 billion of capital commitments, making it the largest ever dedicated European Real Estate fund.
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 over 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.”