3 Real estate investment major BentallGreenOak has smashed its target for its third European value-add fundraise by pulling in more than €1.9bn across the main vehicle and co-investment capital. BGO surged past its €1bn fund goal to reach €1.46bn, and has already deployed more than half of Fund III’s capital through 27 investments across the continent. It also raised €450m in commitments to closed co-investments in Italy and the Nordics. The firm has invested more than €2bn in the strategy since 2014, and said its 2019-vintage Fund II had already returned 80% of its capital to LPs. Fund III will largely focus on sectors benefitting from structural growth in demand, including cold storage and urban logistics, life sciences and data centres, as well as those “experiencing cyclical challenges that are impacting values”.