Hines Asia Property Partners (“HAPP” or the “Fund”) is a diversified, open-end real estate investment seeking 9-11% net total returns1. Private funds are used to build or enhance desirable properties in top-performing submarkets, leveraging the knowledge of local operators to maintain and increase value.
Hines Asia Property Partners (HAPP)
Disciplined, research-driven Asia property portfolio seeking strong returns in all business cycles through expert active management and operation.
1Target returns are based on models, estimates and assumptions about performance believed to be reasonable under the circumstances. Target returns are not intended to be viewed as indicators of likely performance returns but rather to provide general insight into the Fund’s objectives, risk profile and strategy. There can be no assurance that target returns will be met with respect to any investment or the Fund in general. Actual returns may differ materially from target returns. The use of leverage may magnify the opportunities for gain and the risk of loss.
An open-ended, core-plus fund, Hines Asia Property Partners invests to create a diversified portfolio of high-quality assets across living, industrial, office, and retail sectors. The Fund's "buy, build and manage to core" strategy aims to create strong investor returns in all business cycles.
Asset Allocation by Sector2 as of Q1 2023
2Target allocations are estimates based only on Hines' intent as of the date hereof and the subject to change due to market conditions and other factors. There can be no assurance that target allocations will be met with respect to the Fund. Actual allocations may vary significantly from targeted allocations
Three Key Reasons to Invest in Hines Asia Property Partners
Proven Disciplined Strategy
HAPP intends to create a research-driven, diversified portfolio focusing on the logistics, residential, alternatives, and office sectors in major (supply-constrained) Asian markets.
Operator-led Value Creation
HAPP aims to create value at the asset level by leveraging our operating expertise while focusing on next-generation assets to drive investment decisions with research and data.
Leverages 65+ Years of Value Creation
Hines’ development and management experience help identify opportunities where price, financing, construction, and operations can be improved using in-house expertise.
Our Scale
With Hines’ team of 2943 professionals across 15 offices in Asia as of February 2023, Hines Asia Property Partners owns and manages office, industrial, and living properties in Australia, Greater China, Japan, and South Korea.
3Asia-Pacific headcount includes third-party contractors and consultants, and professionals in the Auckland, New Zealand office, which opened in February 2023.
$478
Million Dry Powder
(Maximum 50% LTV)
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13
Investments
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25
Assets
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$1.3B
Equity Commitments
As of December 2022. Includes deals under exclusivity and total project cost for developments. Investments under exclusivity are the subject of a signed purchase and sale agreement or letter of intent. HAPP is not contractually obligated to move forward with transactions under exclusivity and no non-refundable deposits have been paid. HAPP’s commitment to invest is subject to satisfactory diligence, market conditions, and final Investment Committee approval. There can be no assurance that the fund will acquire the listed investments in a timely manner or at all.
Meet Your Investment Team
As a privately held, family-led firm, Hines is free to make investment decisions based on the long-term interests of its investors. Each of the Fund management team possesses considerable depth of experience in Asia-Pacific real estate, covering acquisition, financing, reporting, and the auditing of real estate clients. The freedom to follow the data and their experience when managing portfolios provides the Fund with a singular focus that Hines believes is quite different from other real estate investment managers.
Investment Team
Case Studies
Anyone can claim to be innovative, forward-looking, creatively disciplined, and committed to worthy causes. At Hines, we take the next step and provide proof through our case studies. Every day, we reimagine real estate design, finance, and footprint, and we’re just getting started.
The Hines ESG Commitment
Hines Asia Property Partners recognizes the crucial role that the built environment can have on curbing the climate crisis as well as creating social value in the communities in which it operates. As HAPP is intended to be an Article 8 Fund under the Sustainable Finance Disclosure Regulation, we are committed to reducing environmental and social costs with a goal of net-zero operational carbon by 2040. Given this commitment, the Fund has the scope to consider and implement a range of ESG initiatives while meeting the future demands of occupiers and investors. ESG considerations are integral to how the Fund will deploy its investment strategy.
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