Hines raises initial €900m for value-add European real estate fund
Hines has raised an initial €900m for its latest value-add European real estate fund. The manager said the Hines European Value Fund 3 (HEVF 3), which seeks to raise €1.5bn, was backed by a group of 15 investors, predominantly existing investors in the series. Hines said it expects to make further closings through the year, and into early 2023 as required. The manager said it expects the European investor group in this first closing to be joined by new and...