Ontario Teachers’ Backs Hines For $400 Million in Hunt For Asia Real Estate Deals
The new Hines fund will target deals in markets including Japan, Australia and South Korea
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The real estate investment firm Hines is raising money for deals in the Asia-Pacific region as it looks for opportunities coming out of the pandemic.
The fund, Hines Asia Property Partners, will have an initial investment capacity of roughly $900 million, according to a statement on Tuesday. Cadillac Fairview, the property unit of Ontario Teachers’ Pension Plan, is providing $400 million in equity.