Hines lands €500M first close for €1.5B European value-add fund

What's the deal? HinesDealroom has a profile for this one. Try Dealroom → has announced a first close of more than €500 million for its Hines European Real Estate Partners IV (HEREP IV) fund. The value-add vehicle targets a total size of €1.5 billion.

What's the endgame? HEREP IV will invest across continental Europe and the UK, spanning sectors including logistics, office, residential, and retail.

The signal: The raise signals continued investor appetite for value-add real estate strategies in Europe, with Hines betting on opportunities across multiple markets and property types.

Read more: Green Street News

Image credit: infomatique