Hines to launch open-ended European real estate fund later this year

Hines is planning to launch a new open-ended, core-plus real estate fund focused on key European markets.

The fund, dubbed Hines European Property Partners (HEPP), will seek to acquire and develop sustainable assets across the logistics, office, and residential-, student- and senior-housing sectors once it launches later this year.

HEPP will seek to attract €1 billion ($1.3 billion) in investor equity in the first 12 months. Jorge Duarte, who previously served as managing director and head of core investing in Europe at Barings, has been appointed fund manager.

“After spending more than 20 years in portfolio analysis and fund management, the opportunity to work alongside real estate specialists to establish a dynamic new vehicle in Europe drew me to Hines,” said Duarte. “The firm’s boots-on-the-ground approach, deep sector and technical expertise, and access to global capital is impressive and provides a strong platform to create another unique and hig