HINES AND ADNP TEAM UP TO PROVIDE COMMERCIAL PROPERTY… - Hines

HINES AND ADNP TEAM UP TO PROVIDE COMMERCIAL PROPERTY MANAGEMENT

Alliance to Target Assets in MENA Region

(ABU DHABI) – The Abu Dhabi office of Hines, the international real estate firm, along with Abu Dhabi National Property Company PJSC (ADNP), the real estate arm and subsidiary of the National Bank of Abu Dhabi (NBAD), announced at the recent Abu Dhabi Investment Forum in London, the formation of a strategic alliance to become the UAE’s premier commercial and mixed-use property manager for select real estate projects in the Middle East.

Hines/ADNP will bring a world-class property management standard to the region, initially targeting commercial real estate in Abu Dhabi and Dubai to meet the high demand for professional property management in the UAE and other GCC countries. The alliance will deliver a full range of value-creating property management services at the strategic, tactical and operational levels to institutional owners, high-net-worth individuals and banks involved in real estate.

ADNP is one of the primary real estate property management companies in Abu Dhabi, with a current portfolio of over 8,000 units under management. In addition to providing first-class property management services, ADNP undertakes extensive in-house and external real estate valuation and advisory services.

Hines has managed investment-grade properties for more than half a century and currently is responsible for more than 11,000,000 square meters of property around the world.

“ADNP is very keen on working in partnership with the best-in-class, and in this regard we are delighted to have Hines, a prestigious name in property management, as a partner in this new initiative," said ADNP General Manager Graham Hallett.

“The combination of ADNP’s extensive local market expertise and Hines’s execution and operating track record will undoubtedly result in superior asset performance. Institutional owners are looking for ways to mitigate risk while adding value to their assets, and we intend to provide a menu of effective solutions,” he added.

 “The guiding principles of our platform are quality, integrity and sustainability. We want to be the best-in-class ‘one stop shop’ for real estate owners. Better management results in higher tenant satisfaction which directly affects occupancy and long-term asset value,” said Jurgen Herre, managing director of Hines’ MENA Region. "We are proud that we can provide our experience and international track record to the urban fabric and economy of Abu Dhabi, and can contribute to transforming the 2030 plan into reality," he added.

Hines/ADNP will soon officially announce their first engagement.

About ADNP

Abu Dhabi National Property Company PJSC (ADNP), a subsidiary of the National Bank of Abu Dhabi (NBAD), is one of the primary real estate property management organizations in Abu Dhabi, with a current portfolio of over 8,000 units under management. In addition to providing first-class property management services, ADNP undertakes extensive in-house and external real estate valuation and advisory services. ADNP will broaden its real estate services to provide added value across the whole real estate property life cycle.

The National Bank of Abu Dhabi (NBAD), the number one bank in the UAE, was incorporated in 1968. NBAD has a network of 90 branches in the UAE in addition to cash offices that are spread out at remote locations to provide banking services to customers.

The branch network is widened further with over 300 ATMs through which customers perform a variety of transactions.

NBAD’s overseas network stretches from Oman, Kuwait and Bahrain in the GCC, Egypt, Libya, and Sudan in Africa, London, Paris and Geneva in Europe to Washington DC in the USA.

The bank provides its customer with a wide variety of financial services targeted at all segments of the retail and corporate market in addition to fund management, brokerage, leasing, property management businesses and private banking.

About Hines

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,111 properties representing more than 449 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $22.9 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM in the United Kingdom, France’s Haute Qualité Environnementale and with the German Sustainable Building Council. Visit www.hines.com for more information.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
1 713 621 8000
Contact Hines

European Headquarters

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

Regional Offices

U.S. East Region

345 Hudson Street
12th Floor
New York, NY 10014
United States
1 212 230 2300

U.S. Midwest Region

444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
1 312 419 4900

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
1 770 206 5300

U.S. Southwest Region

609 Main St.
Suite 2400
Houston, TX 77002
United States
1 713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111
United States
1 415 982 6200

Asia Pacific Region

1 Connaught Road, 28F
Central, Hong Kong

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

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
Australia
61 2 9232 3137

Brazil

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

Canada

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

China

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

France

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

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100

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

Block 2, First Floor
Clanwilliam House, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
Dublin.OfficeAdmin@hines.com

Italy

Via Broletto, 35
Milan 20121
Italy
0039 02 8962921

Japan

Akasaka K Tower Level 4
1-2-7 Motoakasaka, Minato-ku
Tokyo 107-0051
Japan
81 90 9854 5236

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1

Mexico

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

The Netherlands

Gustav Mahlerplein 28
Amsterdam, NH 1082 MA
Netherlands
31 6 30 70 81 29

Nordic Countries

Forbindelsesvej 4
Copenhagen 2100
Denmark
44 7815 285 191

Panama

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

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400

Russia

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

Spain

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

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 2 3439 9141

United Kingdom

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