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- July 1, 2022: Vol. 16, Number 7

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Hines holds €800m first close of core-plus fund

by Kali Persall and Andrea Zander

Hines has secured €800 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 four months ago and is seeking to attract a total of €1 billion in investor equity in its first 12 months. HEPP will acquire and develop sustainable assets across a range of sectors, such as logistics, office and living, including residential, student and senior housing. The manager says it will identify investment opportunities in Europe’s most dynamic urban centres and gateway cities.

“The macro trends such as ESG prioritisation, technological advancement and generational shifts are accelerating obsolescence across all sectors, which is creating opportunities for core-plus investing — there are a limited number of vehicles in this space,” says Jorge Duarte, fund manager of HEPP at Hines.

HEPP will complement the Hines European

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