BlackRock raises €700m for fourth European property fund

BlackRock Real Assets has raised €700m for its fourth Europe Property fund IV.

The fund, which is targeting value-add assets, was backed by 30 institutional investors from North and South America, Europe, Asia and Australia.

Public and corporate pension schemes, sovereign wealth funds, insurance companies and family offices were among the investors.

BlackRock said it has also raised commitments from investors for co-investments alongside the fund.

Marcus Sperber, head of global real estate, said: “In today’s volatile markets, institutional investors are making significant shifts to illiquid assets, that can help them generate income and higher potential returns over a long-time horizon.

“With this increased demand, we have seen positive momentum globally across our real assets platform, as investors look to solutions, such as Europe Property fund IV, that may help them meet their investment goals.”

The fund, which launched in 2015, has invested around one-fifth of client commitments in six transactions in Paris, Munich, Frankfurt and Dublin. Five transactions are under exclusivity.

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  • QN-2398

    Asset class: Real Estate.
    Asset region: The client will consider: Europe ex. UK, Europe incl. UK and UK Only Funds.
    Size: EUR 60 - 100 million per investment.
    Closing date: 2018-01-31.

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    Asset region: Global Developed Markets.
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