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Hines to invest extra €180m in Polish real estate


2012-05-24



Hines, the international real estate firm, announced that it has raised a new fund worth €900m to invest in property assets in Russia and Poland. The new fund, called Hines Russia & Poland Fund, targets to invest approximately 20% of its capital, i.e. €180m, in real estate assets in Poland, as an opportunistic strategy complementing the group’s core acquisition strategy in the country.

Mieczyslaw Godzisz, country manager in Poland, said that the country remained “a growing and vibrant economy in spite of European economic headwinds”, and that Hines saw “very interesting opportunities for investment in the office, retail and mixed-use sectors. . . in multiple cities throughout Poland”.



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