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David L. Steinbach talks about Covid-19’s impact, Hines’ new fund and the increasing importance of ESG. Launched 64 years ago by founder/chairman Gerald Hines, Houston-based Hines is among the top global commercial real estate investors/developers/owners, with a $160.9-billion portfolio that includes 377 properties totaling nearly 173 million sq. ft. under management in 27 countries. Hines’ Pan-European Core Fund (HECF) currently has 30 assets under management, valued at more than €2 billion, in 15 cities across nine countries. This year, the company won the Pension Real Estate Association’s (PREA) Real Estate Investment Management Environmental, Social and Governance (ESG) award for HECF in the open-end fund category. The award recognizes PREA members for commitment to ESG principles and best practices within real estate investment. ....
Mingtiandi Username Hines showed showed that sheds are central to its Asia strategy by acquiring a Dongguan project last year US developer Hines has created a flagship fund for the Asia Pacific region, boosted by a $400 million capital commitment from Canadian pension manager Cadillac Fairview. The fund, called Hines Asia Property Partners, will be a multi-sector, open-ended, diversified vehicle targeting top-tier markets in Japan, Australia, South Korea, Singapore and China (including Hong Kong), Hines announced in a statement released Tuesday. HAPP aims to invest in logistics, office, living, retail and select niche sectors to build a diversified portfolio targeting core-plus returns and balancing yield and growth. Cadillac Fairview, the real estate investment arm of the Ontario Teachers’ Pension Plan, is the cornerstone investor in the fund, which has an initial investment capacity of about $900 million. ....
By IPE staff2021-05-04T10:57:00+01:00 The real estate investment arm of Ontario Teachers’ Pension Plan has backed international real estate firm Hines, with a $400m (€332m) capital, to launch a new Asia-Pacific core-plus fund. Cadillac Fairview’s capital commitment to Hines Asia Property Partners (HAPP), gives the fund an initial investment capacity of $900m to invest across all sectors in the region. HAPP will be a multi-sector, open-ended, diversified vehicle targeting top-tier markets in Japan, Australia, South Korea, Singapore and China, including Hong Kong. Hines said HAPP intends to invest in logistics, office, living, retail and “select niche sectors to build a diversified portfolio targeting core plus returns and balancing yield and growth”. ....