Hines Launches Real Estate Fund for Asia-Pacific Investments

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.

Hines, which wants to expand its portfolio in the region, will invest as much as $100 million and the rest will be debt, said David Steinbach, global chief investment officer at the Houston-based firm.

Investors ...