Carlyle real estate fund

Carlyle Group has raised €760m for its second European real estate fund, Carlyle Europe Real Estate Partners II (CEREP II). The group now has seven real estate funds totalling US$4bn in committed capital.

Last month, the firm launched Carlyle Asia Real Estate Partners at US$410m and its US real estate fund, Carlyle Realty Partners IV, at US$950m. CEREP II will invest in off-market opportunities primarily in office, logistics and retail properties, but also in the hotel and residential sectors across Europe.

The investment team has already signed five transactions from the fund for more than €400m. These include the acquisition of three residential developments of 400 apartments in Copenhagen from NCC, and a 26-building portfolio in Italy from Beni Stabili for €255m.