Latest news with #EuropeanRealEstate
Business Wire
2 days ago
- Business
- Business Wire
KKR Makes Second Residential Investment in Stockholm with Three Asset Multifamily Development in Täby
STOCKHOLM--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the agreement with leading Swedish developer Reliwe for the forward funding of a new multifamily development in Täby, one of Stockholm's most sought-after municipalities. The transaction marks KKR's second residential investment in Sweden's capital region since the beginning of 2025. The project in Täby comprises three residential assets with a total of 325 units and approximately 15,300 square meters of lettable area, expected to be completed in phases between 2026 and 2028. Located just 14 kilometers from Stockholm city center, the asset offers excellent public transport connectivity via a nearby train station, providing access to central Stockholm in under 20 minutes. The development is situated adjacent to Täby Centrum, one of the city's leading shopping centers, and is designed to meet high sustainability and architectural standards. In February, KKR announced its investment in three multifamily properties in Haninge, located just south of the Stockholm city center. This second investment builds on KKR's work with local operating partner Cavendo to manage and grow its Stockholm residential strategy which now includes approximately 700 units under development. 'This transaction is another key step in our strategy to assemble a high-quality residential platform in the Stockholm region,' said Alexander Thams, Head of Nordics Real Estate at KKR. 'Täby is one of the most attractive and supply-constrained municipalities in Sweden, and this development offers modern, sustainable living in a location where rental stock is typically limited. We are pleased to continue our strategic partnership with Reliwe and further expand our footprint in a market where we are seeing strong demand and attractive opportunities.' 'We are very pleased to have concluded our second transaction with KKR, which underlines our ability to effectively source and execute attractive deals. Täby is a well-established and highly attractive residential market, and we look forward to delivering modern, high-quality, and sustainable homes,' said Gurmo Endale, Partner at Reliwe. 'We also look forward to further strengthening our strategic partnership with KKR.' KKR has committed over SEK 6 billion to real estate investments in the Nordics, with a focus on high-quality residential and logistics assets and long-term partnerships with local developers. KKR's global real estate business invests thematically in high-quality real estate through a full range of scaled equity and debt strategies. The new investment is being made through KKR's European Real Estate strategy. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at About Reliwe Reliwe is an expansive real estate development company focusing on sustainability and design to create residences to thrive in. Since its establishment, Reliwe has completed over 500 apartments and has around 2,100 apartments in production. In addition, the company has made substantial acquisitions of building rights in Sweden. Reliwe is actively expanding its presence in the Swedish real estate market and is dedicated to developing well designed residential properties. For additional information about Reliwe, please visit Reliwe's website at
Bloomberg
3 days ago
- Business
- Bloomberg
King Street Raises $1 Billion as European Property Cracks Appear
King Street Capital Management has raised close to $1 billion for a fund to exploit the distress and dislocation that's finally emerging in European real estate after the end of zero interest rates. The firm's European Real Estate Special Situations II fund reached its hard cap of $950 million of capital commitments within 12 months, according to a statement Monday. King Street has already deployed more than €1.5 billion ($1.2 billion) in European real estate debt and equity since interest rates ratcheted higher in 2022, partner and co-head of global real estate Paul Brennan said in an interview, and the latest fund raise will allow it to ramp up activity further.
Business Wire
14-05-2025
- Business
- Business Wire
Ares Management Opens Milan Office
LONDON & MILAN--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ('Ares'), a leading global alternative investment manager, announced today the opening of a new office in Milan, the firm's latest office in Europe. The office will enhance Ares' access to the Italian market, and its ability to raise and invest capital across its strategies, particularly within its European Direct Lending business, as well as the Wealth Management and European Real Estate platforms. This latest opening underscores Ares' commitment to a highly localized approach to investing in Europe, which the firm entered in 2007 through the opening of a London office, followed by Paris, Frankfurt and Stockholm in 2009 and, most recently, Amsterdam and Madrid in 2019. Across its investment strategies, including European Direct Lending and European Real Estate, Ares has deployed over €1.6 billion to support Italian businesses and assets, as of March 31, 2025, and Ares expects to accelerate this activity in the coming years. Tyrone Cooney, Partner & Head of France and Southern Europe for European Direct Lending, will harness his significant experience investing in the Italian market to support the development of the new office, leading a team of senior investment professionals in Milan. 'Over the last 18 years, Ares has strategically expanded its European footprint and solutions across its Credit, Real Estate, Infrastructure, Private Equity and Secondaries strategies to better tailor solutions to the evolving needs of managers, companies and communities,' said Blair Jacobson, Co-President of Ares. 'We are very excited to announce this latest step forward in our regional positioning, reflecting the natural evolution of our platform in line with the growing private markets opportunity set in Italy to the benefit of both institutional and individual investors.' 'We have long taken pride in our differentiated talent, strong local networks and scaled resources, and the Milan office builds on this legacy,' said Matt Theodorakis, Partner and Co-Head of European Direct Lending at Ares. 'With Italy's expanding opportunity for middle-market buyouts, long-term financings and growth capital, we believe our leading European Direct Lending business is well positioned for long-term value creation.' 'Over the last several years, we have seen Italian stakeholders gain greater awareness and acceptance of private capital as an attractive alternative to traditional financing sources,' said Mr. Cooney. 'As local business owners and asset managers continue to the navigate through dynamic European markets, we are pleased to formally establish Ares' presence in Italy and provide greater access to our flexible and creative capital solutions.' Inclusive of the acquisition of GCP International, which closed on March 1, 2025, Ares now has offices in 13 countries in Europe. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit
Yahoo
09-04-2025
- Business
- Yahoo
Blackstone gears up for $11 billion European property buying spree
LONDON (Reuters) - Blackstone has said it has closed a 9.8 billion euro ($10.8 billion) European property fund, as it bets on signs of recovery for the sector despite deepening market turmoil. The fundraise for the Europe Real Estate Partners VII fund is the largest ever pool of external capital amassed for European property, Blackstone said. "The real estate recovery is coming into view," said James Seppala, head of European Real Estate at Blackstone, with the firm adding in a statement that it saw an "opportunity-rich" environment. Real estate markets had shown signs of recovery in recent months, although industry participants are wary of the impact U.S. President Donald Trump's latest barrage of tariffs could have on activity. Blackstone's opportunistic strategies - which generally target higher risk properties that need turning around, with potential for higher returns - have raised nearly $47 billion of capital globally, the company said. ($1 = 0.9073 euros)
Zawya
09-04-2025
- Business
- Zawya
Blackstone gears up for $11bln European property buying spree
LONDON - Blackstone has said it has closed a 9.8 billion euro ($10.8 billion) European property fund, as it bets on signs of recovery for the sector despite deepening market turmoil. The fundraise for the Europe Real Estate Partners VII fund is the largest ever pool of external capital amassed for European property, Blackstone said. "The real estate recovery is coming into view," said James Seppala, head of European Real Estate at Blackstone, with the firm adding in a statement that it saw an "opportunity-rich" environment. Real estate markets had shown signs of recovery in recent months, although industry participants are wary of the impact U.S. President Donald Trump's latest barrage of tariffs could have on activity. Blackstone's opportunistic strategies - which generally target higher risk properties that need turning around, with potential for higher returns - have raised nearly $47 billion of capital globally, the company said. ($1 = 0.9073 euros)
