US private equity giant Blackstone is working towards the launch of a €7 bn European real estate fund in the first quarter of next year, creating its largest ever dedicated European real estate fund, according to those who track the market.
Empira Group, the €9bn AUM Swiss-based real estate investment company, has raised over $120 mln so far towards a $600 mln (€558 mln) fund target for a US vehicle.
