Seven private equity real estate (PERE) funds focused on Europe raisied a total of $3 bn (EUR 2.3 bn) on their final closing in the first quarter of 2009. Consultancy Preqin said another 13 PERE funds closed in the US having raised $9.7 bn in the first three months of the year and just two closed in Asia with EUR 300 mln.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
