Management Firms Launch Closed-End Real Estate Fund

Hermes Real Estate Investment Management has partnered with UOB Global Capital and Hampshire Real Estate Companies to launch a closed-end commercial real estate income fund.

The HUH US Real Estate Income Fund (HUH) will be available to international institutional investors and pension funds. The fund’s strategy will focus on investing in inefficiently priced, well-located and “well-leased” properties typically located outside of the major city central business districts (CBD) in the United States, with primary focus on the Eastern U.S.

The announcement says Hampshire’s local real estate market expertise, UOBGC’s origination and distribution platform and HREIML’s strategic risk oversight and corporate governance expertise came together to develop a new approach for international institutional investors and pension funds to invest in income producing U.S. real estate. HREIML, on behalf of the British Telecom Pension Scheme (BTPS), will provide up to US$150 million capital with UOB and Hampshire each committing US$25 million. 

“UOB is pleased with the opportunity for our subsidiary UOB Global Capital to team up with Hermes Real Estate and Hampshire, recognised leaders in their respective fields, to structure a high-quality U.S. real estate product for investors,” said WeeEe Cheong, Deputy Chairman and CEO of the UOB Group. “The UOB Group’s strong international network puts us in good stead to help investors meet their global needs.”