7.29.22 | This week we recognized 2 capital-related transactions with a disclosed value of $25.3 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $24.1 | Blackstone has Raised $24 Billion for Its Latest Real Estate Fund |
| $1.2 | AXA IM Alts Plans £1 Billion ($1.2 Billion USD) London Office Project at 50 Fenchurch Site |
| $25.3 | Total |
Summary of Transaction Headlines
The Real Deal | “Blackstone has Raised $24 Billion for Its Latest Real Estate Fund”
Blackstone says it’s close to finalizing one of the largest real estate investment funds in history. The investment giant has raised $24.1 Billion in the last three months for its latest opportunistic real estate fund, known as Blackstone Real Estate Partners X, it said in a regulatory filing Wednesday. That capital, along with $300 Million of Blackstone’s own money and an additional $5.9 Billion it says it’s allocated to investors, would bring the pool to $30.3 Million when completed — making it the largest private-equity real estate investment vehicle ever assembled, according to the Wall Street Journal. The current record belongs to the fund’s predecessor, Blackstone Real Estate Partners IX, which raised $20.5 Billion in 2019.
IPE Real Assets | “AXA IM Alts Plans £1 Billion ($1.2 Billion USD) London Office Project at 50 Fenchurch Site”
AXA IM Alts has acquired 50 Fenchurch Street in London from The Clothworkers’ Company for a billion-pound office development project. The asset manager, investing through its real assets arm, has agreed to buy the leasehold of the 1.2-acre site, home to the historic-listed Tower of All Hallows Staining and Lambe’s Chapel Crypt buildings. As part of the plan to develop a 650,000 sq.ft. office on the site, AXA IM Alts said the two historic buildings currently on the site will be retained.
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