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Crosstree real estate fund closes at €562m
Fundraising - SEPTEMBER 6, 2023

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Crosstree real estate fund closes at €562m

by Lewis Dayton

Crosstree Real Estate Special Situations Fund III, managed by London-based Crosstree Real Estate Partners, has held a final close at £481 million (€562 million/$604 million), exceeding the fund’s original target of £450 million (€526 million/$565 million), according to media reports.

With approximately 25 percent of its capital deployed to date, Fund III will continue to opportunistically invest in U.K. value-add and equity acquisitions with an additional focus on subordinated debt financing opportunities. Crosstree plans for the fund to be split somewhat evenly between the living sectors, hospitality and traditional sectors such as urban logistics, a portfolio composition similar to that of Special Situations Fund II.

Founded in 2011 by former Blackstone principal Nick Lyle, former Starwood Capital executive Sean Arnold, and in partnership with B-Flexion, Crosstree Real Estate Partners invests in projects across London, including office properties, retail and

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