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SPONSORED: Hines – Operating expertise essential for delivering core-plus returns in European real estate market
JULY 1, 2024

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SPONSORED: Hines – Operating expertise essential for delivering core-plus returns in European real estate market

by Jennifer Babcock

While inflation and high interest rates have hit European markets hard, resulting in a correction comparable to the Great Recession or global financial crisis, what makes this time different is that real estate supply and demand dynamics are stronger than expected, with property values are down 20 percent, says Jorge Duarte, fund manager of Hines European Property Partners, a diversified, open-end core-plus real estate fund focused on quality, stabilized assets in European markets with embedded growth potential. In an interview published in the July/August issue of Institutional Real Estate Americas, Duarte discusses how current market dynamics are playing out in different countries, cities and sectors across Europe. “What’s interesting now,” says Duarte, “is that we are finding deals where income is mispriced, and we are able to achieve core-plus or even value-added returns, while taking significantly less risk than we would expect at this point in the cycle. We

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