US-headquartered real estate investment firm Hines has launched a flagship fund for the Asia-Pacific Region, Hines Asia Property Partners (HAPP), with a $400 million investment from Cadillac Fairview, the real estate investment arm of Canada’s largest single pension scheme Ontario Teachers’ Pension Plan.
Cadillac Fairview is the lead founding investor in the fund, according to a statement released on Tuesday. The transaction probably marks its first capital deployment in the region.
