Hillview Real Estate (HRE), the real estate division of The Hillview Group (THG), has launched its second fund, Hillview Partners Property Fund II (HPPF II).
This follows the £30 million ($43 million) raise and full investment of its first fund last year in multi-tenanted regional offices across key cities in the United Kingdom.
The fund is working in close collaboration with specialist asset manager ICG-Longbow. With a combination of debt and equity capital, HPPF II is targeting acquisitions of more than £100 million ($142 million). ICG-Longbow also provided debt to HPPF I.
Coinciding with the launch of HPPF II, HRE announced its first acquisition for the fund with the £7.5 million ($10.7 million) purchase of Great Western Court in Bristol.
HRE’s strategy for HPPF II is to acquire well-located, institutional-quality regional offices in markets with proven occupational demand, including value-add opportunities or part-vacant buildings.
