Finance
Blackstone gears up for $11 billion European property buying spree
Published by Global Banking & Finance Review®
Posted on April 9, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 9, 2025
1 min readLast updated: January 24, 2026
Blackstone has launched a €9.8 billion European property fund, the largest of its kind, betting on a real estate market recovery.
LONDON (Reuters) - Blackstone has said it has closed a 9.8 billion euro ($10.8 billion) European property fund, as it bets on signs of recovery for the sector despite deepening market turmoil.
The fundraise for the Europe Real Estate Partners VII fund is the largest ever pool of external capital amassed for European property, Blackstone said.
"The real estate recovery is coming into view," said James Seppala, head of European Real Estate at Blackstone, with the firm adding in a statement that it saw an "opportunity-rich" environment.
Real estate markets had shown signs of recovery in recent months, although industry participants are wary of the impact U.S. President Donald Trump's latest barrage of tariffs could have on activity.
Blackstone's opportunistic strategies - which generally target higher risk properties that need turning around, with potential for higher returns - have raised nearly $47 billion of capital globally, the company said.
($1 = 0.9073 euros)
(Reporting by Iain Withers; Editing by Bernadette Baum)
The article discusses Blackstone's launch of a €9.8 billion European property fund, aiming to capitalize on the real estate market recovery.
Blackstone employs opportunistic strategies targeting higher risk properties for potentially higher returns.
Blackstone has raised nearly $47 billion of capital globally for its opportunistic strategies.
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