$600 Million European Real Estate Fund Closes

Apollo Real Estate Advisors has closed its second European Fund for a total of $600 million. The fund will make real estate investments throughout Europe, focusing on corporate dispositions under managed portfolios and large single assets with a total of $2.5 billion.

"Apollo has been active in Europe since 1995, and in that time we have been involved in over 70 transactions. The result of our fund raising reflects the talent and commitment of both our team and our local partners," says William Benjamin, managing director of Apollo Real Estate Advisors in Europe.

Over the past 12 months, Apollo has done a number of European property deals. In December 2004, for example, Apollo bought 76 German properties with a joint venture partner from a subsidiary of Bankgesellschaft Berlin.

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