Heinz won the first B2R residential project in France on behalf of the Pan-European Core Fund.

Hines, an international real estate company, has obtained a portfolio of eight prime locations in France, covering an area of 30,000 square meters, spanning Paris and major regional cities to develop a series of houses. Hines, an international real estate company, has obtained a portfolio of eight prime locations in France, covering an area of 30,000 square meters, spanning Paris and major regional cities, and developing a series of? Housing for rent? (B2R) Pan-European Core Fund for Housing Planning.

These locations will provide 500 sets of high-quality living spaces in five major locations in Paris and three regional cities in France. These assets are located in the housing market in short supply, and each market is closely related to public transportation and surrounded by local facilities.

HECF will cooperate with Kaufmann &; K & ampb has established a cooperative relationship to provide long-term funds for the delivery of these projects. K & ampb will lead the development of the property. This acquisition is the first time HECF has entered the French housing market.

Peter Epping, senior managing director of Hynes and HECF fund managers, said:

? Although we continue to increase the fund's business in the logistics field, this acquisition is an important milestone in our diversified business strategy. B2R department is a new department in France, so we are very happy to enter this market as soon as possible. Thanks to the strong demographic structure and other fundamentals, we believe that the demand for flexible accommodation with high quality and convenient location is increasing, especially for young professionals? Stone. ?

Xavier Musseau, Senior Managing Director of Hynes and Head of France, said:? This acquisition marks our first foray into the field of B2R in France and is based on our other recent successful transactions. We are very happy to enter a new field of life and have a strong team in France. In addition, we are very happy to work with Kaufmann &; Broad is one of the most famous and respected residential developers in the United States, and they have cooperated to deliver these exciting projects. ?

Nordine Hachemi, President and CEO of Kaufman-Broad, added: The first agreement with Hines of France shows that we are eager to support French and international public and private institutional investors in renting houses and establish long-term quality relations with them. . Our share of sales to institutional investors is increasing, and we hope this trend will continue. The institutional leasing investment market should be stronger and stronger to meet the growing housing demand in the country. We will continue to support institutional investors to develop their leasing quotations in France, especially in busy cities with the most tight supply. ?

HECF has recently been recognized as one of the top real estate funds in Europe and won the MSCI European Real Estate Investment Award, the best-performing pan-European balanced fund. In addition, the fund has recently obtained the highest five green star ratings through the Global Real Estate Sustainability Benchmark (GRESB) for five consecutive years, which shows that Sheehan is committed to responsible investment, which is the fourth consecutive year.

Hines accepted the due diligence of residential real estate consulting firm Lasaygues, Ikory Asset Management, and the tax advice of Lacourte Raquin Tatar Law Firm and PricewaterhouseCoopers. CB Richard Ellis provides trading advice to Kaufman and Broad.