The CoStar Interview: A Hines Fund Manager Talks Investment Strategy in Europe

Hines, the Houston-based investment and development firm, says it is well on its way to raising a 1.25 billion euro ($1.39 billion) fund to finance projects in Europe, a value-add strategy of enhancing properties with improvements or repositioning to increase the cash they generate. By using a fund that size as capital to lend against, the privately held firm would effectively have a real estate war chest worth 3 billion euros ($3.34 billion) to spend on European real estate.