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Torre del Angel Renovation
Mexico City, Mexico

In January 1998, Hines purchased Reforma 350, an old office building in Mexico City which was in need of extensive renovation work. The building is located on Paseo de la Reforma, Mexico City's most prestigious avenue, at the plaza of the Angel of Independence, Mexico's best known monument. After being renamed Torre del Angel, the 21-story, 25,186-square-meter (271,000-square-foot) building was demolished back to its original structure. Hines, along with its Mexican partners, spent approximately $23 million over the next two years in a complete renovation of this 1980s vintage office building. Robert A.M. Stern was selected as the renovation architect for the project, working with a team of both Mexican and U.S. architects, engineers and consultants in creating an International Class A office design. Hines financed its acquisition of Torre del Angel through its Emerging Markets Fund, a $410 million fund created by Hines, Trust Company of the West Group, Inc. and Dean Witter Realty Inc. to finance the acquisition, renovation and development of commercial properties in emerging market countries.

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SUMMARY

Address
Paseo de la Reforma No.350, Piso 14
Mexico City, Mexico

Location
In the heart of Mexico City on the Avenida Paseo de la Reforma in front of the Angel de Independencia

Hines' Role
Redeveloper

Architect
Robert A.M. Stern Architects, LLP

Net Rentable Area
Office:
20,872 sq. m.
(224,677 sq. ft.)

Major Tenants
General Cologne Re
Jacobs Engineering
Ondeo Degremont
Regus Business Centre
Regus II
UnivisiĆ³n

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Copyright © 2001-2013 Hines Interests Limited Partnership. All rights reserved. Hines and the Hines logo are registered trademarks of Hines Interests Limited Partnership.