Hines forms Canada investment vehicle

Hines has formed an investment vehicle focused on real estate investment and development opportunities dedicated to key Canadian investment markets — Toronto, Vancouver, Montreal and Calgary. The venture was formed to develop and acquire up to C$2 billion ($1.5 billion) of gross asset value.

Hines brings two decades of experience investing in Canada and a team of more than 100 professionals to source and execute investments on behalf of the venture. This is the second Canadian focused investment and development venture sponsored by Hines.

“There are significant opportunities to invest in the highest-quality assets in the Canadian market. The venture will provide us with the flexibility to utilize decades of experience and our relationships to source and execute future-focused investment strategies across the risk spectrum,” said Alfonso Munk, Hines CIO, Americas.

Avi Tesciuba, country head of Canada for Hines, added, “Over the past two decades in Canad