LONDON—2014 has witnessed the largest amount of capital raisedby Europe-focused funds since 2007, demonstratingan overwhelming growth in appetite for European real estate, andopportunistic or distressed opportunities in particular.
Over $26 billion (€21B) has been raised so farthis year for Europe-focused real estate funds, more than in anyother year except 2007, when $29 billion (€23B) was raised. As aresult of the significant growth in European fundraising over thepast 12 months, dry powder for Europe-focused funds currentlystands at an all-time high of nearly $65 billion(€52B) – a 44% increase on December 2013. This information comesfrom a recent report by London-based Preqin.
“The European real estate market is awash with capital followingthe strongest fundraising year for the region since 2007,” saidAndrew Moylan, Head of real assets products forPrequin. “Total capital raised for the region has exceeded €20billion ($25B) so far this year, a level of capital not seen duringan entire year of European fundraising since before the globalfinancial crisis.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
