Hines expands Asia platform with new value-add strategy

/ EdgeProp Singapore |
The diversified, closed-ended fund will expand Hines’ investor platform in the region (Picture: Hines)
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - Real estate investment, development and property manager Hines has announced a new value-add real estate investment vehicle focused on Asia. Known as Hines Asia Real Estate Partners (Harep), the diversified, closed-ended fund will expand Hines’ investor platform in the region.
The launch of Harep follows Hines Asia Property Partners (Happ), the firm’s flagship, multi-sector, core-plus open-ended fund that was launched in May 2021. Since its inception, Happ has raised over US$1.3 billion ($1.8 billion) from 15 global investors.
“The new addition of a value-add strategy in Asia rounds out our suite of open-ended core-plus and closed-ended value-add strategies globally, enabling us to meet investor needs across geographies and the risk spectrum,” says David Steinbach, global chief investment officer at Hines, in an Oct 3 press release.
Caleb Shen (Picture: Hines)
Hines also announced the appointment of Caleb Shen as senior managing director overseeing Harep. He reports to Chiang Ling Ng, Hines’ chief investment officer for Asia. Shen joins Hines from GLP Capital Partners, where he was its head of Asia portfolio and asset management.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More