Real Estate
Blackstone Netted €9.8 Billion for Europe Property During Crash
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Blackstone Inc. has raised the largest ever pool of external capital for a European real estate fund, narrowly surpassing its own previous record against the backdrop of a severe property market correction.
The private equity firm hauled in €9.8 billion ($10.8 billion) for Blackstone Europe Real Estate Partners VII after a two-year fundraise that took place as asset values plunged in response to the end of ultra-low interest rates.