A disciplined, research-driven European portfolio seeking strong returns in all business cycles through expert active management1 and operation.
Hines European Real Estate Partners2 (“HEREP” or the “Series”) is a series of discretionary, closed-ended real estate funds that seek to acquire high-conviction, thematic investments in primary European markets with a focus on fundamental trends and capital market inefficiencies.
HEREP III, the latest edition in our flagship series, completed its final close in November 2023, securing over €1.6 billion in equity, making it one of the largest closed value-add strategy funds in Europe3.
The two predecessor funds attracted aggregate equity commitments of €1.8 billion, bringing the total aggregate equity commitments in the Series to €3.4 billion.
1The Funds are not managed in reference to any benchmark.
2Earlier vintages of the Fund are named Hines European Value Fund (“HEVF”).
3Source: Preqin, as of Q4 2023.
Key Principles of the HEREP Series
Strategic Locations and Diverse Sectors
Investing in properties located in strong city markets while seeking diversity by geography, sector, profile, and timing with a goal of a balanced, resilient total return in each Fund vintage through the Series4.
Focusing on Organic Alpha
Taking a conservative approach to real estate financing with appropriate senior leverage and no aggressive financial engineering for true unlevered alpha.
Striving to Lead the ESG Revolution
Placing emphasis on both the impact and the economics of top ESG aspirations in our investments and culture.
4Past performance cannot guarantee future results.
Our Scale
Drawing on its team of approximately 925 professionals5 in 33 European offices, the HEREP Series will continue to invest in and manage properties in top-performing European submarkets identified by Hines’ proprietary research team and extensive local operating network.
5As of June 30, 2024.
€3.4B
Equity Raised
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52
LPs
Meet Your Investment Team
As a privately held, family-led firm, Hines makes investment decisions based on the long-term interests of its investors. For the HEREP Series, the Fund Management team is dedicated solely to building a quality portfolio and possesses a depth of experience in European real estate. It is supported by a robust set of in-house teams, including local acquisitions and dispositions, accounting and portfolio/asset management, research, financing, ESG, and development/conceptual construction teams. Hines believes that the expertise of these local, dedicated professionals on the ground is a key differentiator between Hines and other real estate investment managers.
Meet Your Investment Team
Case Studies
Every day, we reimagine real estate design, finance, and our footprint, and we’re just getting started. These case studies in the HEREP Series seek to demonstrate how we seek to build or enhance value through our investments.
Our ESG Strategy
HEREP aspires to lead the market in ESG and aims to manage, renew, and create buildings to meet evolving market demand from both occupiers and investors.
By integrating ESG performance into both long-term strategies and day-to-day management, we believe we are enhancing risk-adjusted returns and strengthening our investment process. We seek to minimize the environmental impact of our buildings, with a focus on prioritizing energy efficiency.
We are also dedicated to prioritizing human health and wellness across assets and enhancing the communities where we operate. In addition, we will strive to provide transparency, track our progress, and align and benchmark performance against recognized industry initiatives including GRESB.
For more information on our ESG priorities and governance, please check the HEREP III6 and HEVF 2 2023 ESG Reports
6HEREP III is a financial product falling under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR).
2023 HEREP 3 ESG Report
Download the Report
2023 HEVF 2 ESG Report
Download the Report
