Blue Owl Capital has held a final close for its inaugural European net-lease fund, Blue Owl Real Estate European Net Lease Fund (OREF Europe), with €1.6 billion of total capital commitments.
OREF Europe is focused on acquiring and owning single-tenant net-leased real estate and infrastructure assets, particularly single-tenant, mission-critical industrial, data centre and essential retail assets.
Marc Zahr, copresident and global head of real assets at Blue Owl, says Europe represents “the next frontier for institutional sale-leasebacks”, which has some €13.4 trillion of potential investible assets.
Elsewhere, Fiera Real Estate UK, the European real estate arm of Fiera Capital Corp., and Packaged Living, a UK rental living platform, are targeting a €1.2 billion UK single-family housing portfolio.
The open-end, core-plus fund — Fiera Real Estate Single-Family Housing — will invest through forward-funding and forward-commitment agreements wi
