Hines secures €637m at 1st close of new €1.5b value-add fund

By Virna Asara 2020-01-14T00:00:00

Hines announced on Monday that it had bought the Werfthaus asset in Frankfurt from Tristan

US real estate group Hines has secured around €637 mln of equity commitments at the first close of its Hines European Value Fund 2 (HEVF 2), exceeding 50% of the €1.25 bn total target.

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