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Blackstone announces €9.8B final close on BREP Europe VI
09 April 2020 |

Blackstone announced this Wednesday the final close on its sixth European opportunistic real estate fund, Blackstone Real Estate Partners Europe VI (“BREP Europe VI”), which has total capital commitments of 9.8 billion euro. This is already considered «the largest ever European Real Estate fund».

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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.

James Seppala, Head of Real Estate Europe, Blackstone said: «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».

Blackstone’s real estate business was founded in 1991 and has 163 billion dollars (149,1 million euro) of investor capital under management.

Press Released by Blackstone