Key Takeaways
- • Hines launches Hines European Property Partners (HEPP), a new open-ended core-plus real estate fund targeting €1 billion in investor equity within the first 12 months, leveraging the firm's 16 European offices across gateway cities and dynamic urban centers.
- • Jorge Duarte, formerly of Barings, appointed as Fund Manager to lead HEPP's strategy across diversified asset classes including logistics, office, residential, student housing, and senior housing with a focus on sustainable development.
- • HEPP combines Hines' proprietary research framework with active asset management and selective development opportunities, positioned to complement existing European offerings (HECF and HEVF) while joining sister funds HUSPP and HAPP, which have already secured approximately $2.5 billion in combined commitments since 2021 launch.
- • The fund strategy emphasizes value creation through active management at the asset level and next-generation product development, targeting core-plus positioning across Europe's most attractive markets.
Summary
Hines, the international real estate investment and development firm, has announced the launch of Hines European Property Partners (HEPP), a new diversified open-ended core-plus fund designed to capitalize on investment opportunities across Europe's primary urban centers and gateway cities. The fund will be managed by Jorge Duarte, who joined Hines from Barings specifically to lead this initiative. HEPP is scheduled to launch later in 2022 and targets raising €1 billion in investor equity during its first 12 months of operation.
The fund will deploy Hines' established infrastructure across 16 European offices to identify and execute acquisition and development opportunities. HEPP's investment mandate spans multiple real estate sectors, including logistics, office space, and living assets comprising residential, student housing, and senior housing properties. The strategy emphasizes sustainability across its portfolio, aligning with institutional investor preferences for ESG-compliant assets. The fund will utilize Hines' proprietary research framework combined with an operational execution platform designed to generate stable income while creating value through active management and selective development initiatives focused on next-generation product creation.
HEPP is positioned within a broader family of regionally targeted core-plus funds. It complements Hines' existing U.S. Property Partners (HUSPP) and Asia Property Partners (HAPP) vehicles, both of which launched in 2021 and have accumulated approximately $2.5 billion in combined commitments. This family-of-funds approach allows institutional investors to gain diversified exposure across multiple geographies using consistent Hines execution methodologies tailored to regional market dynamics. The European fund will also complement Hines' established European offerings—the Hines European Core Fund (HECF) and Hines European Value Fund (HEVF) series—creating a comprehensive European real estate platform for institutional capital.
The fund will deploy Hines' established infrastructure across 16 European offices to identify and execute acquisition and development opportunities. HEPP's investment mandate spans multiple real estate sectors, including logistics, office space, and living assets comprising residential, student housing, and senior housing properties. The strategy emphasizes sustainability across its portfolio, aligning with institutional investor preferences for ESG-compliant assets. The fund will utilize Hines' proprietary research framework combined with an operational execution platform designed to generate stable income while creating value through active management and selective development initiatives focused on next-generation product creation.
HEPP is positioned within a broader family of regionally targeted core-plus funds. It complements Hines' existing U.S. Property Partners (HUSPP) and Asia Property Partners (HAPP) vehicles, both of which launched in 2021 and have accumulated approximately $2.5 billion in combined commitments. This family-of-funds approach allows institutional investors to gain diversified exposure across multiple geographies using consistent Hines execution methodologies tailored to regional market dynamics. The European fund will also complement Hines' established European offerings—the Hines European Core Fund (HECF) and Hines European Value Fund (HEVF) series—creating a comprehensive European real estate platform for institutional capital.
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