US private equity major KKR is reportedly putting the finishing touches to a $1.5bn real estate fund it plans to close by the end of the week.
The vehicle has made about a dozen investments in the past 18 months according to Reuters, which cited people familiar with the firm.
AltAssets reported in June that KKR had made its first real estate investment in Europe by buying a 430,000 square foot UK-based retail park portfolio from Resolution Property.
Head of the KKR Europe real estate team Guillaume Cassou said he looked forward to doing similar deals in the UK and Europe.
The firm has also been developing industrial buildings in Texas and building an apartment complex in North Dakota aimed at the fracking community.
In July the firm brought in Martin Moore as one if its army of senior advisors with a responsibility for real estate investments in the UK and Europe.
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