REGIONAL OFFICES

Hines China Regional Office

Park Avenue Place, Beijing

Active in the Far East since the early 1990’s, Hines established its China Regional Office in Beijing in 1995. Since that time, Hines has successfully completed the development of the leading residential high-rise building in Beijing – Embassy House —and has added to its portfolio through the acquisition of a new Class A office building – Millennium Tower. Both are the leading buildings in their class in Beijing and are located in the exclusive 2nd and 3rd Embassy Districts of the city. Hines is also responsible for the management and leasing of the buildings. All told, Hines has completed, owns and manages a total of 1.7 million square feet of projects in the region with another 7.4 million square feet underway..

Hines in China provides a full range of services, including development management, construction management and property management, and has successfully established multiple joint ventures with foreign and local partners.

A Current Regional Initiative

Hines is currently developing Park Avenue Place —a 1,200-apartment residential project in Beijing which will be for sale to Chinese citizens. As one of the major drivers of China’s economy in the new millennium, the demand for new, better quality housing is significant. This product type represents a major opportunity for Hines to build off its existing experience while creating a new generation of high-quality housing for residents of Beijing, and potentially Shanghai and other major cities. Superbly located at the East 4th Ring Road and Chaoyang Park, Park Avenue Place will further establish and differentiate Hines' unique presence in the capital of the world’s most populous country.

Jim Morrison Senior Vice President

Jim Morrison came to Hines in 1987 and since that time has managed the development and renovation of more than 2.5 million square feet of commercial real estate representing approximately $600 million and including significant projects for institutional owners. He was the project officer responsible for all aspects in development of the 174-unit Embassy House luxury apartment tower in Beijing. Mr. Morrison directed the development of the 1 million-square-foot State of California office building complex at San Francisco's Civic Center and was responsible for overall development of the 600,000-square-foot historic Pacific Gas & Electric Company headquarters seismic retrofit project in downtown San Francisco. After being awarded his Bachelor of Arts in Landscape Architecture from the University of California at Berkeley in 1980, he attended the Tuck School at Dartmouth College where he received a Master of Business Administration in 1987.