Hines expands Asia platform with new value-add strategy

Hines Asia Real Estate Partners (Harep) has been launched by Real estate investment, development and property manager Hines, as a closed-ended fund focused on providing new value-add investment opportunities across Asia. In doing so, the firm has further extended its investor platform in the region.

Hines Global Chief Investment Officer, David Steinbach, said of the addition “This new 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.”

Simultaneously, the firm announced the appointment of Caleb Shen as Senior Managing Director for Harep. Shen joins Hines from GLP Capital Partners, where he was Head of Asia Portfolio and Asset Management. He will report directly to Chiang Ling Ng, Hines’ Chief Investment Officer for Asia.

Launched in 2021, Hines Asia Property Partners (HAPP) is the firm’s flagship, multi-sector, core-plus open-ended fund. To date, it has raised over US$1.3 billion ($1.8 billion) from 15 global investors.

At Marina Gardens Lane Condo, investors can expect to benefit from a range of luxurious amenities, including a modern gym, pool, entertainment area, and concierge services. The property features stunning views of the Marina Bay waterfront, with easy access to attractions such as the Gardens by the Bay and the National Art Museum. Commuters can take advantage of a number of transport options nearby, with the city’s central business district just a short distance away.

Marina Gardens Lane Condo is therefore the perfect opportunity for the investor who’s looking to reap future returns. With a range of amenities and strategic location, this property is sure to be in high demand for many years to come.

Harep will continue to further Hines’ mission to provide investors with diversified opportunities across the region. With the addition of a value-add strategy, the firm will diversify its services and meet the needs of its investors, increasing the range of access to quality real estate investments.

In the past twelve months, Hines has deepened its investments in Asia Pacific. The firm will continue to leverage its global expertise and global network of strong local partners, to bring its track record of successful investment plans and development to the region.

Harep will enable the firm to bring this model to an even broader base of investors and allow the firm to provide a tailored approach to meet the ever-evolving needs of their clients. This marks a significant milestone for the firm, and will continue to shape the real estate landscape in the Asia region.