FUNDS NARRATIVES

Since 1991, Hines has employed a range of investment strategies to pursue acquisition and development opportunities through 28 investment vehicles with more than $15 billion in equity. The diversity of these vehicles demonstrates Hines' ability to execute investment strategies in different markets throughout the world.

Hines UK , as part of Hines has established contractual relationships with the Hines managed funds as shown below:

Hines European Development Fund, L.P.
Fund Manager, Mark Sears

Hines European Development Fund (" HEDF I ") was formed in October 2002 to develop and redevelop Class A office space in major metropolitan cities in Western Europe .   HEDF I has equity capital committed of €387 million. 

Hines European Development Fund II
Fund Manager, Mark Sears

Hines European Development Fund II, L.P. ("HEDF II") was formed in February 2007 to develop new Class A office buildings and redevelop well-located existing buildings in the targeted countries of UK , France , Germany , Italy and Spain .  As a successor fund to HEDF, HEDF II has total equity capital commitments of €647 million. HEDF II is the owner of Chichester House in London 's Midtown.

Hines European Value Added Fund
Fund Manager, Bahram Motamedian

Hines European Value Added Fund (" HEVAF ") was formed in March 2005 to invest in a geographically diverse portfolio of buildings across Europe , creating value through development, redevelopment, leasing and sale of the properties.  HEVAF's equity capital commitment is €287 million (approximately US$372 million).  HEVAF is the owner of 1 Grafton Street in London 's Mayfair and Gartmore House in the City of London .