Hines company informed it has closed its Russian & Poland Fund (HRPF), set up to invest €900m in the both markets. Twenty percent of the collected amount is to be assigned for purchases across Poland, with the remaining 80 percent intended for acquisitions in Russia. It’s the fourth fund established by Hines to expand on the two markets, with the total amount of USD 2.5bn in assets it currently runs. The fund has already allocated capital for three new projects, now underway in Petersburg and Moscow. Hines has entered the Russian market in 1992, arriving in Poland four years later.
