Even with marketuncertainty from the new coronavirus, London-based BlackRock RealAssets announced it has raised EUR 1.287 billion (or approximately$1.3 billion) at the final close for its Europe Property FundV.
The firm also said it has additional commitments of EUR 200million for co-investments totaling EUR. 1.487 billion for theirstrategy.
EFV is a city-focused and principle-based investment strategy.Because of the new coronavirus, EFV will focus on its investmentactivity on markets that have the strongest public finances andhealthcare systems. The fund will also be looking forareas that have the least amount of exposure to tourism as apercentage of GDP such as Germany, the United Kingdom andFrance.
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Dan Clark
Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.
