A disciplined, research-driven European real estate portfolio seeking strong returns in all business cycles through active asset management and operations, with sustainability principles embedded at the core of its framework. A leader in ESG, the Fund was awarded Global Sector Leader by GRESB1 for seven years in a row with a five-star green rating as of September 2023.
Hines European Core Fund
The Hines European Core Fund (“HECF” or the “Fund”) is an open-ended, income-focused strategy with a 17-year track record that invests in and manages a well-diversified portfolio of stable, income-producing real estate assets.
The Fund pursues a balanced investment strategy, acquiring assets in prime locations, with the aim to strengthen and grow the income profile during the holding period through sustainability-linked initiatives and active asset management.
1GRESB is a mission-driven and investor-led organization that provides actionable and transparent Environmental, Social and Governance (ESG) data to financial markets. GRESB collects, validates, scores and benchmarks ESG data to provide business intelligence, engagement tools, and regulatory reporting solutions. Hines pays to participate in GRESB.
Hines’ flagship balanced, open-ended Core Fund is a prime portfolio strategy invested across 10 different European countries and 17 city markets as of June 30, 2023. HECF seeks to continue to fortify its portfolio of high-quality assets across the living, logistics, office, and high-street retail sectors.
Asset Allocation by Sector as of Q4 20232
2GAV by sector data includes forward commitments (i.e., fully funded). Car parking makes up the balance of HECF portfolio (ca. 1%).
Three Key Reasons to Invest in Hines European Core Fund
Prime, Diversified, and Difficult-to-Replicate Portfolio
A curated collection of assets in key gateway European cities offering strong rental growth potential and downside protection. Designed with the intention of providing stable income distributions, the Fund seeks to achieve benchmark-surpassing growth through income enhancement initiatives and targeted acquisitions, delivering above inflation capital appreciation across investment cycles.
Priority Access to the Long-Established Hyper-Local Global Platform
From acquisition to asset management through to disposal, HECF leverages the Hines hyper-local model with the aim of adding quality and positively influencing performance. Benefiting from its specialized local market knowledge and market-leading global technical expertise, the Fund utilizes a disciplined approach to local deal sourcing in European cities with robust rental growth prospects and has acquired almost half of its portfolio through private or off-market processes.
Award Winning ESG Sector Leader
HECF has been recognised as a leader in sustainability for multiple consecutive years by GRESB and PREA. The Fund remains astutely focused on maintaining its sector leadership by actively demonstrating the correlation between Net Zero technologies and positive returns for core funds.
Our Scale
Drawing on its team of approximately 866 professionals3 deployed across 13 European locations, Hines European Core Fund will continue to invest in and manage properties in top-performing European markets identified by Hines’ proprietary research team and extensive local operating network.
3As of June 30, 2023.
€2.9
Billion GAV (Fund Level)
-
35 | 69
Investments | Assets
-
93.3%
Occupancy
-
6.0 | 6.9
WALB | WALT4
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. The Fund management team possesses a depth of experience in European real estate and is supported by a robust set of in-house teams, including local acquisitions and dispositions, accounting and portfolio/asset management, research, financing, ESG, and conceptual construction. HECF believes that the expertise of these local, dedicated professionals is a key differentiator between Hines and other real estate investment managers.
Investment Team
David Pinguelo
Managing Director and Deputy Fund Manager, Investment Management
London
View Full BioCase Studies
Anyone can claim to be innovative, forward-looking, creatively disciplined, and committed to worthy causes. HECF takes the next step and provides proof through our case studies. Every day, we seek to reimagine real estate design, finance, and our footprint, and we’re just getting started.
Our ESG Commitment
HECF believes that investing in ESG is an important way to preserve and enhance the values of our assets and portfolios.
Recognized as a leader in ESG by leading organizations like GRESB and PREA5 as well as investors and peers, the ESG strategy of the Fund goes beyond legal compliance seeking to minimize negative environmental and social impacts across our portfolio while seeking to maximize the value we bring to our stakeholders. We prioritize ESG-related actions that meet tenant needs, increase efficiency, and future-proof our assets, and we engage in transparent reporting and accountability to strive to meet our ESG targets.
HECF is a financial product falling under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR). As an Article 8 Fund, our ESG strategy continues to be a priority as we focus renewed attention on our Net Zero Asset plans, social initiatives implemented in partnership with our tenants, and the communities where we invest.
For more information on our ESG priorities and governance, please check out the Fund’s 2022 ESG Report.
5 The Pension Real Estate Association (PREA) established the annual PREA Real Estate Investment ESG Awards to recognize PREA members at the forefront of ESG within real estate investing, and to provide the industry with examples of best practices in ESG.
2022 HECF ESG Report
Download the Report
