The milestone comes four years after the New York-based infrastructure giant formally launched a dedicated platform in the asset class.
Although part of a 183-year-old family business, the Dutch asset manager is the new kid on the block when it comes to third-party capital management.
The London-based firm turned away approximately €200m in commitments for its second pan-European logistics-focused fund.
The UK manager aims to bring all of its real estate equity and debt strategies into Spain and elsewhere in Europe over the next three years.
The emerging manager received a $100m anchor commitment from Texas TRS.
The UK asset manager has acquired a majority stake in BauMont Real Estate Capital to diversify into higher-returning real estate.
The fund, which raised €2.24bn, is also the largest Europe-only real estate fund to close so far this year.
In seeding a first-of-its-kind pan-European student accommodation fund, the manager’s indirect real estate business has shifted its approach to the sector.
During Expo Real in Munich last week, executives tempered hopes of a market recovery citing the influence of geopolitical events on capital flows and investments.
A pan-European, open-end fund and the first of a series of SMAs is in the works, nine months on from the appointment of Nick Preston to lead Panattoni Investment Management.