Europe

Blackstone’s president and chief operating officer considers real estate debt to be ‘an area of growth’ for the firm.

The Stockholm-based manager aims to broaden its client base and evolve its product offerings with the hire of a former JLL managing director.

Asia-Pacific investors are now the dominant source of capital in the asset class. Fund managers are taking note.

Capital raised from European investors fell the most by almost 43% as the region was hard-hit by the denominator effect.

The industry veteran is joining the New York-based credit shop as it closes its first institutional private fund.

Blackstone has completed another record fundraise even while it continues to grapple with redemption queues in its private REIT.

The firm’s global co-head of real estate says having $30bn of equity to deploy, at a time when debt is harder to get, is a ‘valuable asset.’

The ‘irreplaceable’ Westin Paris is now wholly owned by Henderson Park’s former joint venture partner, Dubai Holding.

Asset management professionals saw higher growth in total compensation relative to their peers last year. It’s likely part of a longer-term trend.

With loans maturing and banks retrenching, alternative lenders are seeing more refinancing deals. But ‘a lot of them we see just don’t work.’