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”.