Europe

The German manager has raised around €300m to invest in social and affordable housing across western Europe.

Blackstone’s president said commercial real estate values are bottoming out and expected an uptick in realizations in H2.

A week on from the appointment of Karim Habra, the manager has hired two more executives to bolster its operational real estate expertise.

The Chicago-based industrial specialist has appointed Charles Baigler to grow a continental Europe business.

New global real estate co-head Nadeem Meghji believes the firm has ‘an unparalleled opportunity’ to invest capital amid a dislocated market.

The banking giant’s CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.

Private real estate’s biggest firms – Blackstone, UBS and Partners Group among them – have clear reasons for needing more people at the top.

Dealflow is likely to increase, says Marten Foxon, former head of the global hospitality portfolio at Abu Dhabi Investment Authority.

Blackstone has promoted multiple executives at the real estate and firm level in preparation for an ‘active’ investment period in 2024.

Following its integration with Credit Suisse, the Swiss bank’s investment arm has promoted Jon Hollick to head of global ex DACH real estate.