PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
European real estate heartened by new e3.1bn Blackstone fund
European real estate has been strongly heartened by news that the US-based private equity group Blackstone has made a final closing of Blackstone Real Estate Partners Europe III, targeting equity capital of over e3.1bn in the first instance at UK and Germany - above the initial intended e2.5bn. Chad Pike, Co-Head of Blackstone Real Estate, said the capital has been raised from existing and new investors. "That certainly shows a significant vote of confidence in European property, particularly in Germany," Raffaele Lino, board member of WGF real estate trading group, told PFE. "We share their more optimistic outlook."