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KKR Raises Billions for Real Estate Deals Across Europe

  • Firm’s new fund has already invested more than $700 million
  • It will focus on housing, warehouses, hotels and offices
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KKR & Co. has raised $2.2 billion for a new real estate fund that will seek investment opportunities throughout Europe as lockdown measures are eased across the continent.

The private equity firm’s second dedicated property fund has already invested more than $700 million in residential housing and warehouses, two areas that have proved resilient to the pandemic, according to a statement Tuesday. It will also seek to buy hospitality properties hurt by restrictions and build offices fit for the post-Covid workforce.