Hines expands Asia platform with new value-add strategy

Hines has launched a diversified close-ended, value-add real estate strategy, to be known as Hines Asia Real Estate Partners (HAREP).

Hines has a strong footprint in Asia, with more than 300 employees across 15 offices in eight countries with $7.9 billion of assets under management. HAREP will expand Hines’ investor platform in the region, joining Hines Asia Property Partners (HAPP), the firm’s flagship multi-sector, core-plus open-ended fund, which launched in May 2021. Since its inception, HAPP has raised more than