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.
EFV is a city-focused and principle-based investment strategy. Because of the new coronavirus, EFV will focus on its investment activity on markets that have the strongest public finances and healthcare systems. The fund will also be looking for areas that have the least amount of exposure to tourism as a percentage of GDP such as Germany, the United Kingdom and France.
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Dan Clark
Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.
