Global property leader Greystar has finalized the closing of its second pan-European value-add residential fund at over €2.7 billion. The pool of capital represents the largest of its type ever raised for the continent's rental sector. Backed by institutional investors, the vehicle equips the firm with an investment capacity exceeding €6.8 billion to target structural housing shortages across major European cities.
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.