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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”.
Canadian pension officials hailed as climate champions
Barbara Zvan and Kim Thomassin
Two Canadian pension fund officials were hailed Tuesday by the British High Commission and the Canada Climate Law Initiative as Canadian climate champions for their efforts to move Canada to net-zero emissions.
The list of 26 champions includes
Barbara Zvan, the inaugural president and CEO of the University Pension Plan, Ontario, and
Kim Thomassin, executive vice president and head of investments in Quebec and stewardship investing for the Caisse de Depot et de Placement du Quebec.
Last July, Ms. Zvan was tapped to lead the new pension fund, which will begin receiving contributions in July. It is expected to cover 33,500 participants and manage $10 billion in assets. Before UPP, Ms. Zvan served as chief risk and strategy officer of the C$221.2 billion ($173 billion) Ontario Teachers Pension Plan, Toronto. She also served as chairwoman of the Sustainability Accounting Standards Board s Inves
OTPP Capital Backs Hines Asia Property Partners Fund
Posted on 05/04/2021
Real estate giant Hines launched Hines Asia Property Partners (HAPP), the firm’s new flagship fund for the Asia-Pacific Region with US$ 400 million of capital from Cadillac Fairview, the real estate investment arm of Ontario Teachers’ Pension Plan (OTPP). The fund will be a multi-sector, open-ended, diversified vehicle targeting top-tier markets in Japan, Australia, South Korea, Singapore and China (including Hong Kong). 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. By focusing on next-generation assets designed for future tenant demand, this fund will aim to capitalize on an attractive pricing environment and fundamental market shifts by leveraging Hines’ operating platform to create value at the asset level through active management and select development.
US realty investment firm Hines launches APAC fund with $400m from OTPP arm
Gurugram, India. Photo by Alok Sharma on Unsplash.
May 4, 2021
US-headquartered real estate investment firm Hines has launched a flagship fund for the Asia-Pacific Region, Hines Asia Property Partners (HAPP), with a $400 million investment from Cadillac Fairview, the real estate investment arm of Canada’s largest single pension scheme Ontario Teachers’ Pension Plan.
Cadillac Fairview is the lead founding investor in the fund, according to a statement released on Tuesday. The transaction probably marks its first capital deployment in the region.
HAPP will be a multi-sector, open-ended, diversified vehicle targeting top-tier markets in Japan, Australia, South Korea, Singapore, and Greater China. The fund will invest in logistics, office, living, retail, and select niche sectors targeting core plus returns.