{"id":1004586188,"date":"2022-06-16T01:17:23","date_gmt":"2022-06-16T09:17:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004586188"},"modified":"2022-12-08T17:30:51","modified_gmt":"2022-12-09T01:30:51","slug":"hines-forms-1-5b-investment-vehicle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-forms-1-5b-investment-vehicle\/","title":{"rendered":"Hines Forms $1.5B Investment Vehicle"},"content":{"rendered":"
\"\"<\/a>

CIBC Square, Toronto. Image courtesy of Hines<\/p><\/div>\n

Hines<\/strong> recently revealed the formation of an investment vehicle<\/a> that will target the acquisition and development of various commercial real estate assets in strategic markets across Canada. The Houston-based global real estate firm has closed on C$2 billion, or approximately $1.5 billion, of capital for the pursuit of investment prospects.<\/p>\n

Hines\u2019 new vehicle will home in on the Toronto, Vancouver, Can., Montreal and Calgary, Can., markets. In terms of property types, the strategy involves focusing on some of the strongest sectors of the commercial real estate market.<\/p>\n

\n

READ ALSO:<\/strong> A Look at 2022\u2019s Investment Landscape<\/a><\/p>\n

\n

\u201c[We will] target investment and development opportunities with an emphasis on placemaking, mixed-use developments, differentiated multifamily rental residential communities, and hospitality-forward office projects\u2014all with an underlying ESG component,\u201d Avi Tesciuba, senior managing director & country head for Hines Canada, told Commercial Property Executive<\/em>.<\/p>\n

As noted in a report on Canada\u2019s real estate market by JLL, all asset classes in the country witnessed strong demand in the first quarter of 2022. And in the office sector, where the battle for talent is unrelenting, the demand for new, collaborative turnkey space continues to drive leasing activity.<\/p>\n

Timing is everything<\/h2>\n

Hines has had an operational presence in Canada since 2004, and the creation of the new vehicle comes several years after the introduction of the company\u2019s first sponsored Canadian investment and development venture. Hines felt the timing was right for a second go-round.<\/p>\n

\u201cWe expect that the current macroeconomic environment will lead to interesting and attractive investment opportunities in Canada\u2019s major metro markets, and the vehicle will allow us to be nimble and responsive when we have conviction in an opportunity,\u201d Tesciuba said. \u201cThe fundamentals are strong\u2014stable investment climate, safe, strong education, and open immigration policy.\u201d<\/p>\n

For confidentiality reasons, Hines is not at liberty to disclose details of any projects or pending acquisitions in the works through the new investment venture. However, deals are certainly brewing. \u201cWe have a deep pipeline sourced by our on-the-ground, hyper-local teams,\u201d Tesciuba added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new venture will acquire and develop diverse assets across Canada.<\/p>\n","protected":false},"author":969,"featured_media":1004586195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,16,21783,21752,21742,21747],"tags":[32797,43949],"class_list":["post-1004586188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-international","category-investment","category-mixed-use","category-latest","category-office","tag-hines","tag-sustainability"],"acf":[],"yoast_head":"\nHines Forms $1.5B Investment Vehicle - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-forms-1-5b-investment-vehicle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Forms $1.5B Investment Vehicle\" \/>\n<meta property=\"og:description\" content=\"The new venture will acquire and develop diverse assets across Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-forms-1-5b-investment-vehicle\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-16T09:17:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:30:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/CIBC-Square-Toronto-Ont.-courtesy-of-Hines-e1655369630416.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"921\" \/>\n\t<meta property=\"og:image:height\" content=\"690\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-forms-1-5b-investment-vehicle\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-forms-1-5b-investment-vehicle\/\",\"name\":\"Hines Forms $1.5B Investment Vehicle - 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