Hines Poland Sustainable Income Fund closes at €155 million on Polish real estate market
Hines, the international real estate firm, has announced that Hines Poland Sustainable Income Fund (HPSIF) closed on 10 June 2015 with total capitalization of €155,010,000.
HPSIF will acquire properties that can be actively managed to improve energy efficiency and lower emissions. The fund’s portfolio currently includes three office buildings in Warsaw’s Mokotow district: Ambassador, Nestle House and Sky Office.
“We are most appreciative of the investors who have embraced our investment strategy. With bank leverage, the initial capitalization will allow us to invest more than €300 million over the next two years in selected office and warehousing facilities,” said Mieczysław Godzisz, senior managing director of Hines Poland.
“The plan is to use the funds of HPSIF to purchase 5 or 6 other buildings, boosting Hines’s position as an active investor on the Polish market,” said Leo Chen, fund manager HPSIF.