Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, today announced the final close of its third European alternative real estate fund, Harrison Street European Property Partners III, SLP RAIF (“Fund III” or the “Fund”), which raised over €800 million of equity, including co-investment vehicles, from over 25 institutional investors around the globe.
Fund III is approximately 75% committed to date and includes a life sciences portfolio of over 2 million square feet, making Harrison Street one of the largest private real estate owners of life sciences assets in the UK. Additional Fund III investments include build-to-rent and student accommodation in the UK, Ireland and Spain.
Bashir concluded, “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 realized ahead of schedule and with projected returns well ahead of target. We believe this further demonstrates the attractive opportunity within our sectors of focus throughout Europe and the differentiated investment opportunities we offer our investors.”
Read more: BusinessWire
