Blackstone raises $8 billion in latest real estate debt fund amid nascent sector recovery

Reuters

Fri, Mar 7, 2025, 6:36 AM 1 min read

(Reuters) - Blackstone has raised $8 cardinal successful its astir caller existent property indebtedness fund, the world's largest alternate plus manager said connected Friday, a motion that the spot assemblage is seeing a betterment aft a mates of tumultuous years.

The money - Blackstone Real Estate Debt Strategies V - volition beryllium progressive successful North America, Europe and Australia and marque loans and bargain existing loans, according to the company.

Investors including Blackstone and affluent individuals are scouting for bureau properties successful New York arsenic companies telephone employees backmost to the office, fueling a nascent betterment successful the battered commercialized existent property market.

In Europe, soaring request for high-quality offices is pushing rents to records successful cardinal London, giving investors origin for optimism adjacent arsenic wide bureau merchantability volumes stay astatine multi-year lows.

Real property investors, consultants and bankers accidental request is rising for top-quality offices successful New York, spurring them to onslaught much deals.

Blackstone's existent bureau vulnerability accounts for little than 2% of its existent property holdings, versus much than 60% successful 2007, according to institution data.

(Reporting by Jaiveer Singh Shekhawat successful Bengaluru and Saeed Azhar successful New York; Editing by Maju Samuel)