Investors - NOVEMBER 14, 2014

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Hermes forms two new office investment ventures

by Andrea Waitrovich

U.K.-based Hermes Real Estate has formed two new partnerships to invest in office properties in the United States and the United Kingdom.

Hermes launched a new real estate investment program with Lionstone Investments. It has been capitalized with an initial $250 million of equity commitments. The Lionstone-Hermes Real Estate Venture will invest primarily in office properties in high-growth U.S. markets. The vehicle is being formed with an open-end structure allowing for longer-term holds of high-quality assets. The venture represents the first partnership between Hermes Real Estate and Lionstone, and Hermes Real Estate’s only vehicle pursuing office properties in internationally competitive U.S. cities.

The second venture was with the Canada Pension Plan Investment Board. Hermes Real Estate and CPPIB formed 

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