Blackstone announced the final close on its sixth European opportunistic real estate fund, Blackstone Real Estate Partners Europe VI (BREP Europe VI). BREP Europe VI has total capital commitments of €9.8 billion, the largest ever dedicated European Real Estate fund, said the company in a press release.
In September 2019, BREP Europe VI committed to its initial investment, the purchase of Dream Global REIT’s high quality and diversified portfolio of office and logistics assets in Western Europe.
“We are delighted with the support received for BREP Europe VI and are grateful to have strong representation from both first-time and returning investors from around the world, including public-sector pension plans representing millions of retirees. The significant demand for the fund is testament to the confidence our investors have in our ability to deploy strategic long-term capital to assets and businesses across Europe. Our scale and reach allow us to put capital to work strategically during this period of elevated volatility,” said James Seppala, Head of Real Estate Europe, Blackstone.