15.07.2009 - Euro 3.1 bln Blackstone fund lifts Europe
From : The European real estate sector has been strongly heartened by the announcement of the US-based private equity group Blackstone that it has made a final closing of Blackstone Real Estate Partners Europe III, targeting equity capital of over €3.1 billion at Europe, in the first instance UK and Germany. The initial intended target sum was €2.5 billion but the group extended the funding. It said BREP Europe III will target property investments throughout Europe and has commitments from a diversified group of limited partners from around the world.......Full Article: Source