Key Takeaways
- • Hines European Property Partners (HEPP), a new open-ended core-plus fund, secured approximately €800 million in equity commitments at its first closing, less than three months after launch in early 2022, with a target of €1 billion within the first 12 months.
- • The fund is led by Jorge Duarte, who joined Hines from Barings, and targets diversified European real estate across logistics, office, residential, student housing, and senior living sectors across 17 European offices.
- • HEPP has already secured exclusivity on two separate deals in the living and office sectors, combining proprietary research with Hines' European execution platform to build a portfolio of income-producing assets with selective development opportunities.
- • The fund attracted a broad investor base from both the U.S. and Europe, including new and existing investors, demonstrating strong institutional appetite for European core-plus real estate exposure.
Summary
Hines announced that Hines European Property Partners (HEPP), its newly launched open-ended core-plus fund dedicated to key European markets, achieved a first closing with approximately €800 million in equity commitments within three months of its early 2022 launch. The fund has set an ambitious target to raise €1 billion in total equity from global investors within the first 12 months, reflecting strong institutional demand for diversified European real estate strategies.
HEPP is managed by Jorge Duarte, a veteran who transferred from Barings to lead the fund's investment operations. The strategy focuses on acquiring and developing sustainable assets across multiple real estate sectors, including logistics, office, residential living (encompassing student and senior housing), and mixed-use opportunities. The fund leverages Hines' established presence across 17 European offices to identify and execute opportunities in the continent's most dynamic urban centers and gateway cities.
The investor base for HEPP comprises a balanced mix of new and existing institutional investors from both U.S. and European markets, indicating broad confidence in the fund's positioning. Notably, HEPP has already achieved exclusivity arrangements on two separate transactions in the living and office sectors, demonstrating early deal flow momentum and execution capability.
The fund's investment approach combines Hines' proprietary market research framework with its operational execution platform to construct a portfolio of high-quality, income-generating assets. The strategy emphasizes value creation at the individual asset level through active management while selectively undertaking development projects held for long-term appreciation. This positioning alongside Hines' sister funds globally reflects the firm's broader European real estate expansion strategy and institutional investor appetite for sustainable, diversified real estate exposure in European markets.
HEPP is managed by Jorge Duarte, a veteran who transferred from Barings to lead the fund's investment operations. The strategy focuses on acquiring and developing sustainable assets across multiple real estate sectors, including logistics, office, residential living (encompassing student and senior housing), and mixed-use opportunities. The fund leverages Hines' established presence across 17 European offices to identify and execute opportunities in the continent's most dynamic urban centers and gateway cities.
The investor base for HEPP comprises a balanced mix of new and existing institutional investors from both U.S. and European markets, indicating broad confidence in the fund's positioning. Notably, HEPP has already achieved exclusivity arrangements on two separate transactions in the living and office sectors, demonstrating early deal flow momentum and execution capability.
The fund's investment approach combines Hines' proprietary market research framework with its operational execution platform to construct a portfolio of high-quality, income-generating assets. The strategy emphasizes value creation at the individual asset level through active management while selectively undertaking development projects held for long-term appreciation. This positioning alongside Hines' sister funds globally reflects the firm's broader European real estate expansion strategy and institutional investor appetite for sustainable, diversified real estate exposure in European markets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.