US investors put USD 615 M in European real estate fund

Dublin-based Quinlan Private, international private equity and real estate group, has raised USD 615 million of equity capital from US investors to invest in properties across Europe."There's a strong degree of interest among US investors in European properties, and the fund has been able to capitalize on that" a spokesman for Quinlan Private told Commercial Property News (CPN), adding that the fund is now oversubscribed.The Quinlan Private European Strategic Real Estate Fund is to invest in real estate assets in Western Europe, as well as parts of Central and Eastern Europe.The fund has so far invested in retail developments in Bulgaria and Slovakia and office properties in the Netherlands, the UK and Germany.