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Hines exceeds fundraising target for HEVF3 raising more than €1.6b
Fundraising - NOVEMBER 30, 2023

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Hines exceeds fundraising target for HEVF3 raising more than €1.6b

by Andrea Zander

Hines has surpassed its fundraising goal in the final closing of the Hines European Value Fund 3 (HEVF 3). Since its launch in mid-2022, the fund raised more than €1.6 billion ($1.7 billion) of equity commitments, exceeding its target of €1.5 billion ($1.6 billion). More than €620 million ($677 million) in capital was committed in 2023 despite challenging economic conditions and a difficult fundraising environment.

The total number of investors in the fund is now 35, with a well-balanced mix of existing and new investors, in addition to Hines' co-investment.

Since its inception HEVF 3 has allocated more than €300 million ($327 million) of equity to assemble an initial portfolio of four assets in three markets. The investment period for the fund is expected to continue until mid-2026 and will prioritize three key sectors: purpose-built student accommodation, distribution logistics and highly sustainable office spaces in prime locations. Hines believes these sect

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