Real estate investment manager Hines has reinforced its high conviction in the living sector with two major acquisitions via the Hines European Core Fund (HECF), underscoring its commitment to high-quality housing in key urban markets.
In Berlin, Hines has agreed to forward fund the Marienhöfe residential quarter in Tempelhof, a transformative mixed-use neighbourhood of 85,000 sqm across 12 buildings, comprising 880 rental apartments. This transaction represents Hines’ largest residential investment in Germany to date – 25 years after establishing a presence in the market – and showcases HECF’s continued momentum in attracting and deploying capital.
“Housing is one of the most attractive sectors for long-term capital today,” said Alfonso Munk, Co-Head of Investment Management at Hines. “We believe that as an investor with a strong pipeline of capital to deploy and a developer-owner mindset, we are well-placed to take advantage of current market conditions and make bold, research-backed conviction plays on behalf of our core and core plus investors.”
“These acquisitions showcase our ability to seek out off-market opportunities via our expert local teams, then deploy at scale on behalf of our investors. The residential-for-rent sector currently offers the best risk-adjusted returns for core investors, and the acute undersupply of new dwellings, which characterises both Berlin and Stockholm, convinced us to bet at scale on those cities, which are currently the top pick in our proprietary research models.”
In Stockholm, Hines has acquired 568 residential-for-rent units in Haninge, Stockholm, via an off-market transaction involving two of its flagship European funds. The Hines European Core Fund (HECF) has acquired three properties containing 346 units, while the firm’s core plus vehicle, Hines European Property Partners (HEPP), has acquired two neighbouring properties consisting of 222 units. It brings the firm’s total residential-for-rent units in Stockholm to almost 900 after entering the market in April via a forward funding agreement to deliver 310 apartments in Kista, north of the city, on behalf of HECF.
With these acquisitions, Hines continues to scale its global living platform, which now represents nearly two-thirds of its global investment pipeline. According to proprietary Hines research from March 2025, developed economies face a shortfall of 6.5 million housing units, highlighting the urgent need for institutional capital to support housing delivery.
