Blackstone launches European real estate income fund

€25,000 minimum investment

Blackstone has launched a European property income strategy, offering investors access to a range of real estate sectors across the region.

The Blackstone European Property Income strategy will be comprised of approximately 90% direct property investment, with up to 10% held in "real estate-related debt and liquid instruments". It will be offered to investors via the firm's Private Wealth Solutions group for a management fee of 1.25%. Costs to Aegon Property Income investors rose 56% despite management fee discount Available for a minimum investment of €25,000, the fund will also be subject to a performance fee of 12.5% of annual total return subject to a 5% annual hurdle and high water mark with a 100% catch up, cryst...