Hines launches new European real estate fund

Hines has launched a new value-added fund targeting Europe. Hines European Value Fund has a €1.25 billion ($1.39 billion) equity fundraising target and will focus its investments in CBD office and retail properties in Europe, particularly in Norway and the United Kingdom.

In March, Hines planned to expand its European real estate presence to new sectors and locations, according to a statement from the Dallas-based firm.

Another recently launched European value-added mega-fund is Pramerica Real Estate Capital VI, a debt fund managed by PGIM Real Estate. The closed-end, value-added fund has a maximum fund size of £1 billion ($1.24 billion). The PGIM fund will focus its investments in debt secured by CBD office, healthcare, hotel, industrial, multifamily and retail properties in Europe, specific