Hines European Value Fund adds more than $100m from Israeli investors

Hines has secured $108 million in capital commitments from Israeli investors for its Hines European Value Fund 2 (HEVF 2).

Menora Mivtachim, one of Israel’s largest insurance companies, will invest $88 million in HEVF 2, while private Israeli investors will contribute an additional $20 million.

The HEVF fund series invests across Europe’s major real estate sectors. HEVF 1 focused on core-plus and value-add office investments, while HEVF 2, launched in 2019, focuses on the logistics, office and living sectors. HEVF 2 has 10 project investments across France, Germany, Italy, The Netherlands, the United Kingdom and Spain, with additional deals in exclusivity in Europe.

Hines, which manages more than $81 billion of real estate investments around the world and has a presence in 27 countries, is seeking to boost its connection with Israel’s institutional investors and family offices. This represents the first capital raised from Israel by the firm.

Paul W