Despite growing market turbulence, Blackstone announced that it has launched a 9.8 billion euro ($10.8 billion) European real estate fund, placing bets on signs of industry revival.
According to Blackstone, the Europe Real Estate Partners VII fundraise is the biggest external capital pool ever gathered for European real estate.
James Seppala, president of Blackstone’s European Real Estate division, stated that the company viewed an “opportunity-rich” climate and that “the real estate recovery is coming into view.”
Although industry players are concerned about the potential effects of U.S. President Donald Trump’s most recent round of tariffs on activity, real estate markets have recently shown indications of resurgence.
According to the company, Blackstone has raised close to $47 billion in capital worldwide through its opportunistic strategies, which typically target higher-risk properties that require turnaround and have the potential for higher returns.
