BC Partners Real Estate (BCP RE), the real estate investment arm of BC Partners, has held the final close of its debut fund, BC Partners European Real Estate I (BCPERE I) with total commitments of cEUR900 million for its European value-add investment strategy, significantly exceeding the initial target range of EUR500-700 million.
BCPERE I seeks to acquire undermanaged, well-located assets with significant re-positioning potential, as well as operating platforms with opportunities to drive greater scale. The Fund has successfully deployed c40 per cent of its capital across the UK, France, Germany, and Italy with themes underpinned by ESG initiatives, ranging from post-Covid office assets, residential developments, digitally managed short-stay apartments, logistics and industrial parks, and value-add repositioning of mixed-use assets.
With the majority of the Fund’s investments having been made post the onset of Covid, they take into account the changed market dynamics in real estate and better reflect the impact of the pandemic on the value and use case for each asset.
Under the leadership of Stéphane Theuriau, BC Partners launched its real estate business in 2018 together with seasoned industry veterans, Laurian Douin and Thibault Lauprêtre. The founding partners have built out an experienced team of 18 professionals, including a differentiated in-house development capability.
