Preqin headquarters in London Headquartered in London, Preqin says European private real estate activity last year centered around UK and German assets.

LONDON—Even as private equity real estate fundraising totals fell short of recent years, 2017’s deal activity set a new high water mark globally, Preqin said Friday. The firm reported 5,191 deals for the year, totaling US$287 billion, a new record dollar amount surpassing the previous record-high established just a year earlier.