Spanish real estate manager Azora is making headlines with a record-breaking Southern European fund, while Slate Asset Management is also on track for its largest European fundraise to date. The developments signal strong investor appetite for European real estate despite market headwinds. PERE reports exclusive details on both fundraising efforts.

Meanwhile, KKR is highlighting a significant opportunity in core real estate, pointing to a "dearth of capital" in the sector. The private equity giant sees potential for outsized returns as competition for quality assets remains limited. This comes as the outdoor storage race continues to heat up, with investors seeking alternatives to traditional property sectors.

The fundraising momentum across multiple managers suggests a resilient European real estate market, even as interest rates and economic uncertainty create challenges. Azora's record fund and Slate's ambitious European push demonstrate that large-scale capital deployment remains possible for managers with strong track records. KKR's focus on core opportunities indicates a strategic shift toward less competitive segments where pricing power may be more favorable.