King Street Capital Management has successfully rounded off fundraising for its newest European real estate venture, pulling in a hefty $950m (€807.4m) for its European Real Estate Special Situations Fund II, better known as ESS II. The fund, which wrapped up at its hard cap within just a year, has drawn backing from a wide mix of global investors spanning North America, Europe, Asia, and the Middle East.
Embassy Office Parks REIT has raised ₹1,550 crore through bonds and loans, securing its lowest borrowing cost in four years. The refinancing deal is expected to save 113 basis points annually, supporting the REIT’s strategy to strengthen its balance sheet and boost future growth.
India has emerged as the most resilient real estate market in the Asia-Pacific region, driven by solid demand across office, retail, and industrial sectors, even as traditional hubs like Greater China and Australia face weaker sentiment, according to CBRE’s latest survey.
BGO has closed its largest-ever capital raise, amassing over US$5.1 billion for its flagship Asia-focused value-add real estate fund, with strong global investor support and a sharp focus on high-potential markets such as Japan, South Korea, Australia, and Singapore.