(Reuters) – Blackston raised $ 8 billion in the latest real estate debt box, the largest alternative asset manager in the world said on Friday, a sign that the real estate sector is witnessing a recovery after a few loud years.
The BlackStone Real Estate Debt Strategies V – is active in North America, Europe and Australia and provides loans and buying current loans, according to the company.
Investors, including Blackstone and wealthy individuals, explore offices in New York, as companies return employees to the office, providing the emerging recovery in the destroyed commercial real estate market.
In Europe, high quality demands lead to rents to records in central London, causing investors a reason for optimism even with the sizes of selling total offices at their lowest levels in several years.
Real estate investors, consultants and bankers say the demand is increasing on high -quality offices in New York, which led them to conclude more deals.
Blackstone's current office exposure is less than 2 % of real estate holdings, compared to more than 60 % in 2007, according to the company's data.
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