Hines Global REIT Acquires Second Australian Asset

(SYDNEY) – Hines, the international real estate firm, announced today that Hines Global REIT has acquired the office property at 100 Brookes Street in Fortitude Valley, just outside of Brisbane in Queensland, Australia, for US$67.6 million (AUD$66.5 million).

This is the fund’s second Australian acquisition.

The seller was Anthony John Group, a Brisbane-based real estate firm. The Australian investment manager is Challenger Management Services.

The seller was represented in the transaction by CBRE.

The Hines Global REIT was represented by Hines.

100 Brookes Street is a six-story, Class A office building containing 105,637 square feet of leasable space.

Parking for 206 vehicles is provided in four basement levels. The building is 100 percent leased through January 2018 to Bechtel, for their global mining and metals headquarters.

Privately owned Bechtel is one of the world’s leading engineering, construction and project management contractors with 52,700 employees with offices in 26 countries worldwide.

Completed in 2008, the property incorporates excellence in sustainable design with a 4.5 Star NABERS rating and a 4 Star Green Star rating.

 "We are pleased to announce the addition of 100 Brookes to the Global REIT portfolio.

We were attracted to this opportunity due to the project's desirable location in Fortitude Valley, recent construction and strong credit tenancy," said Charles Hazen, president and CEO of Hines Global REIT.

"This investment will further diversify the Global REIT portfolio through exposure to a stable and growing economy in Australia where cap rates have yet to compress as they have in the U.S."

 Earlier this year, Hines Global REIT acquired 144 Montague Road in Brisbane.

The six-story office building is fully leased to Ausenco Limited, a publicly traded company specializing in engineering and project management services.

Hines Director David Warneford, who heads up Hines’ Sydney office, said, “Hines continues to seek good opportunities in Australia for further acquisitions and new developments, and will be actively pursuing these as we seek to enhance our portfolio.”

About Hines Global REIT

Hines Global REIT, Inc. is a Houston-based, public, non-traded real estate investment trust sponsored by Hines.

Hines Global REIT commenced its $3.5 billion initial public offering in August 2009 and has raised over $1 billion, which it invests in commercial real estate properties located in the United States and internationally.

To date, Hines Global REIT owns interests in 17 commercial real estate investments. For additional information about Hines Global REIT, visit www.hinessecurities.com/hines-global-reit.

About Hines

Hines, the sponsor of Hines Global REIT, is a fully integrated real estate investment and management firm that has been investing in real estate and providing acquisition, development, financing, property management, leasing and disposition services for more than 50 years. With offices in 108 cities in 18 countries, and controlled assets valued at approximately $22.9 billion, Hines is one of the largest real estate organizations in the world. Access www.hines.com for more information on Hines.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax

Regional Offices

U.S. East Region

499 Park Ave
12th Floor
New York, NY 10022
United States
212 230 2300

U.S. Midwest Region

1 S Dearborn St
Suite 2000
Chicago, IL 60603
United States
312 419 4900
312 346 4180 fax

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
770 206 5300
770 206 5325 fax

U.S. Southwest Region

811 Main St.
Suite 4100
Houston, TX 77002-2712
United States
713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111-5894
United States
415 982 6200
415 398 1442 fax

Asia Pacific Region

101 California Street
Suite 1000
San Francisco, CA 94111-5894
United States
415 982 6200
415 398 1442 fax

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax

International Offices

Australia

20 Hunter St
Level 11
Sydney, NSW 2000
Australia
61 2 9231 2167

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600
55 11 5504 7556 fax

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

Hyundai Motor Tower Suite 333
38 Xiaoyun Road, Chaoyang District
Beijing, PRC 100027
China
8610 8453 8855
8610 8453 9866 fax

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80
33 1 41 45 80 81 fax

Germany

Hardenbergstraße 28a
Berlin D-10623
Germany
49 30 726241 100
49 30 726241 109 fax

Greece

Voukourestiou 19
Athens 106 71
Greece
30 210 364 7895

India

One Horizon Center
12th Floor
Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

First Floor, Block 2
Clanwilliam Court, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
353 1 7 999931 fax

Italy

Via Monte Pietà 21
Milan 20121
Italy
39 02 86 33 72 32

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1
352 264 337 37 fax

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

Panama

Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375
507 300 99 75 fax

Poland

Bonifraterska 17
Warsaw 00-203
Poland
48 22 351 2400
48 22 351 2401 fax

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00
7 495 785 05 10 fax

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23
34 91 359 89 71 fax

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 2 6138 3840

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax