Hines secures €800m for European Property Partners fund

Hines has secured €800 million ($843 million) of equity commitments in a first closing of its Hines European Property Partners (HEPP) fund.

HEPP is a diversified, open-ended core-plus fund focused on key European markets. The fund launched three months ago and embarked on an accelerated program of equity raising, attracting a wide range of both new and existing investors from the United States and Europe.  The fund is seeking to attract €1 billion ($1.1 billion) in investor equity in the first 12 months from investors around the world.

HEPP will acquire and develop sustainable assets across a range of sectors, such as logistics, office and living, including residential, student and senior housing. HEPP will identify investment opportunities in Europe’s most dynamic urban centers and gateway cities. The fund already has secured exclusivity on two separate deals in the living and office sectors.

“As anticipated, we are experiencing significant investor ap