Carlyle raises US$3.4b for new Europe real estate fund

Carlyle raises US$3.4b for new Europe real estate fund

 

Global private equity firm The Carlyle Group said on Tuesday it had raised 2.2 billion euros (US$3.4 billion) from investors to form its third European real estate fund, Carlyle Europe Real Estate Partners III.

 

Carlyle said in a statement received here that it had an initial target of 1.5 billion euros, with the 2.2 billion raised underlining the strong demand for pan-European real estate investment funds.

 

The fund has already invested 715 million euros in 10 properties, including the headquarters of Spanish telecom operator Telefonica in Barcelona and the offices of high-end Parisian retail group Galeries Lafayette.

 

The Carlyle Group now manages US$10.8 billion in ten real estate funds across the world, with 3.4 billion euros of assets under management in Europe. — AFP

 

Source: Business Times

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s