Hines Germany Regional Office
Hines Germany, the firm's first overseas office, opened
in Berlin in 1991. The first development project for the region
was Hofgarten am Gendarmenmarkt, a 537,270-square-foot mixed-use
development (office, hotel, retail and residential) in Berlin.
Since then, Hines Germany has successfully completed other landmark
projects in Berlin, Frankfurt, Dusseldorf and Munich, totaling 3,976,097 square feet,
which—amongst others—include Main Tower, Uptown München, Benrather Karree and Die Mitte/Shopping at Alexanderplatz.
Hines is developing projects in Hanover, Munich and Stuttgart totaling 2,880,600 square feet (267,520 square meters).
Additionally, Hines Germany is Asset Manager for buildings in Berlin, Hamburg, Frankfurt and Munich totaling 1,750,256 square feet—one of them being the prominent Sony Center.
A Current Regional Initiative
Currently under construction is Hofstatt in Munich - a 486,500-square-foot (45,200-square-meter) inner-city mixed-use development (office, retail and residential) for which Hines acts as Development Manager responsible for construction, leasing and disposition of the buildings. Project completion is scheduled for 2012/2013.
Also under construction and with completion scheduled in 2011/2012 is POSTQUARTIER in Stuttgart - a Hines Value Added Fund refurbishment project consisting of 362,200 square feet (33,600 square meters) of office and retail space as well as a 300-car garage.
With the acquisition of Sony Center in Berlin for the South Korean pension fund NPS, Hines now acts as Asset Manager on site for this 1,491,000-square-foot (138,520-square-meter) complex of office, retail, residential, restaurants and entertainment.
After the successful completion and sale of Die Mitte at Alexanderplatz in Berlin - a 240,000-square-foot (22,300-square-meter) retail building, Hines Germany is now planning to develop the second phase of the site, a 430,600-to-484,400-square foot (40,000-to- 45,000-square-meter) tower with a height of 150 meters - the usage (office, residential or hotel) is to be determined in the course of planning.
For the 1,938,000-square-foot (180,000-square-meter) mixed-use Ihme Center in Hanover, Hines Germany acts as Development Manager in the consulting of restructuring the project set-up of retail, office and residential.