Fundraising - OCTOBER 18, 2019

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Hines launches second European value-add fund

by Kali Persall

Houston-based Hines has launched a new European value-add real estate fund, Hines European Value Fund 2, the firm reported in the IREI FundTracker database.

The fund is a Luxembourg Special Limited Partnership and will focus its investment efforts within a multitude of countries in Europe.

A fundraising target was not disclosed.

Following the fund strategy of its predecessor, Hines European Value Fund 2 will target CBD office, industrial, logistics, mixed-use, multifamily and retail properties.

The first fund in the series, Hines European Value Fund, closed in September 2018 with roughly €714 million ($793.7 million) in capital commitments.

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