Alternatives investment manager Harrison Street has reached a final close of its third European fund, at €800m.
Harrison Street European Property Partners III secured capital from more than 25 global institutional investors. The fund is 75% committed to date and includes a life sciences portfolio of over 2m sq ft in the UK, as well as build-to-rent and student accommodation in the UK, Ireland and Spain.
The firm is now eyeing fresh deals in the Netherlands, Denmark, Italy and Portugal.
Paul Bashir, chief executive at Harrison Street Europe, said: “Our first alternative European fund, a 2015 vintage, is under contract to sell its remaining seven assets in the coming weeks, which will result in that fund being fully realised ahead of schedule and with projected returns well ahead of target.
“This further demonstrates the attractive opportunity within our sectors of focus throughout Europe and the differentiated investment opportunities we offer our investors.”
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