24.11.2009 - Hines closes EUR 900mln Italian fund
From Propertyeu.info: The Italian fund management arm of US property company Hines has announced the first closing of its Italian Porta Nuova Varesine property fund, which will take control of EUR 900 mln worth of assets in the Italian city of Milan. The American developer, through its local Varesine joint venture vehicle, said that it has transferred the Varesine redevelopment site to the new fund, receiving in exchange EUR 73.5 mln worth of units in the fund.............................Full Article: Source
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