June 8, 2017 - Blackstone (NYSE:BX) today 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.”
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $102 billion in investor capital under management. Blackstone’s real estate portfolio includes office, retail, industrial, hotel, and residential properties in the US, Europe, Asia and Latin America. Major holdings include Hilton Worldwide, Invitation Homes (single family homes), OfficeFirst and prime office buildings in the world’s major cities. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust (NYSE: BXMT).
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