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Sign in Sign up for a FREE subscriptionHines raises €75m from Danish pension fund for latest European value-add fund
Hines raised €75 million ($78 million) of equity from leading Danish pension fund Lærernes Pension for its new value-add fund, Hines European Value Fund 3 (HEVF 3).
Founded in 1993, Lærernes Pension is a Danish listed life insurance company providing pension schemes for more than 150,000 teachers employed in Danish municipal and private primary and lower-secondary schools, and in adult education. At the end of 2021, it had a market value of €20 billion ($20.88 million). Lærernes Pension’s commitment to HEVF 3 reflects the shared sustainability goals of its members with Hines’ family of funds, as well as the Hines European Value Fund series’ long track record of delivering strong returns for investors.
Hines manages a real estate portfolio across asset classes in Denmark including The Trinity Quarter, a 21,000-square-meter (226,042-square-foot) mixed-use refurbishment project on Købmagergade, Copenhagen. Since acquisition in 2018 by Hines European Value Fu
