BlackRock Real Assets Raises $1.3B for Europe Property Fund

“As the pandemic continues to drag on the real economy until we have a vaccine or drug, real estate occupational markets will start to deteriorate, albeit with a time lag,” Thomas Mueller, the portfolio manager for EFV at BlackRock Real Assets, said in the press release.

Even with market uncertainty from the new coronavirus, London-based BlackRock Real Assets announced it has raised EUR 1.287 billion (or approximately $1.3 billion) at the final close for its Europe Property Fund V.

The firm also said it has additional commitments of EUR 200 million for co-investments totaling EUR. 1.487 billion for their strategy.

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Dan Clark

Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.

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