07:05 AM EDT, 04/09/2025 (MT Newswires) -- Blackstone (BX) said Wednesday that it has raised 9.8 billion euros ($10.82 billion) to close its latest European real estate fund, Blackstone Real Estate Partners Europe VII.

James Seppala, head of European real estate at Blackstone, called it Europe's "largest real estate drawdown fund ever."

He said that a European "real estate recovery is coming into view."