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Blackstone prepares launch of EUR 14.8 billion real estate fund

Having been on Nordic property buying sprees in the last year or so, the US asset manager is confident there are yet more attractive deals to make on behalf of investors, according to the firm's global head of property investments.

Photo: RItzau Scanpix/AP/Mary Altaffer

The New York-based asset manager Blackstone is preparing a new fund, Blackstone Real Estate Partners IX, which focuses on property and is expected to be at least as large as the previous fund.

The plan was announced in July by Jonathan Gray, COO, who is also global head of property, in connection with the company's interim report.

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