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Laxman Pai, Opalesque Asia: Harrison Street, an investment management firm exclusively focused on alternative real assets, has raised over €800 million ($912m) in equity for its third European alternative real estate fund, Harrison Street European Property Partners III, SLP RAIF, its largest ever European fund.
The Chicago-based firm said in a press release that Fund III is approximately 75% committed to date and includes a life sciences portfolio of over 2 million square feet, making Harrison Street one of the largest private real estate owners of life sciences assets in the UK.
Additional Fund III investments include build-to-rent and student accommodation in the UK, Ireland, and Spain, the release added.
Launched in 2015, Harrison Street's European strategy encompasses alternative investments in student accommodation, build-to-rent residential, and life sciences real estate. The firm's growing and diverse European team is based in London and includes over 40 dedicated professionals, comprising 14 nationalities speaking 17 languages.
In this time, the firm has acquired or developed 70 assets, including over 18,000 student accommodation beds and 2,600 residential units, in partnership with 14 operating partners in the UK, Ireland, France, Germany, and Spain. Additional investments in the near-term pipeline are anticipated to expand the firm's footprint to the Netherlands, Denmark, Italy, and Portugal.
Paul Bashir, Chief Executive Officer of Harrison Stree...................... To view our full article Click here
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