Hines Consolidates European Expansion with New Asset… - Hines

Hines Consolidates European Expansion with New Asset Management Mandates

Prestigious portfolio incorporates eight assets across Germany, France and Austria

(LONDON) — Hines, the international real estate firm, is significantly expanding its asset management business in Europe through a mandate from a German pension fund to manage eight mixed-used properties.

With a total leasing space of around 61,000 square meters, Hines will be responsible for the asset management and development of:

· Three assets in Berlin (Leipziger Platz, Jägerstraße and Potsdamerstraße)

· One in Hamburg (Museumsstraße) and Düsseldorf (Karlstadt Carré)

· Two properties in Vienna (Kärntnerstrasse and Mariahilfer Strasse)

· 223 Rue Saint-Honoré in Paris

    The Hines France office will resume management of 223 Saint-Honoré in Paris, home to numerous offices and two luxury retail shops: Paule Ka and Paul Smith. This asset adds to the strategic development and management of high-street-retail by the France team, which already manages 114 Champs-Elysées, Marché Saint-Germain and 213 Rue Saint-Honoré with an AUM of €942.6m.

    “We’re pleased to announce the expansion of our asset management portfolio in Europe with eight new mandates in attractive locations across Europe. These assets are considered prime real estate in prestigious city centre locations that provide a long-term opportunity and where we aim to deliver sustainable value for our tenants, investors and the surrounding local area,” said Peter Epping, Hines senior managing director and fund manager.“At Hines, we pride ourselves on our extensive local teams who understand the areas they operate in very well. The local focus and significant expertise of asset management and development enables us to pro-actively manage the assets and continuously create value over time.”

    All properties in the portfolio are Core Plus and the strategic focus on mixed-use buildings ensures a diverse tenant mix.

    Since entering Europe in 1991, Hines has grown its European platform to include a presence in 49 cities in 11 countries and currently has €20.9 billion of assets under management in Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.

    Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 205 cities in 24 countries. Hines has approximately $133.3 billion of assets under management, including $71 billion for which Hines serves as investment manager, including non-real estate assets, and $62.3 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,393 properties, totaling over 459 million square feet. The firm’s current property and asset management portfolio includes 539 properties, representing over 232 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most respected real estate organizations in the world. 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

    Asia Pacific Headquarters

    1 Connaught Road, 28F
    Central, Hong Kong
    China
    852 3651 6198

    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
    China
    852 3651 6198

    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 1000, One Museum Place
    669 Xin Zha Road, Jing An District
    Shanghai, PRC 200041
    China
    86 21 6087 2200

    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

    Italy

    Via Broletto, 35
    Milan 20121
    Italy
    0039 02 8962921

    Italy.info@hines.com

    Japan

    4F Akasaka K Tower
    1-2-7 Motoakasaka, Minato-ku
    Tokyo 107-0051
    Japan
    81 3 6890 3205

    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

    Rokin 69D
    Amsterdam 1012 KL
    Netherlands
    31 208 960 510

    Nordic Countries

    Forbindelsesvej 4
    2100 Copenhagen O
    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

    Paseo de la Castella 110 - 2º B
    Madrid 28046
    Spain
    34 91 703 00 23

    South Korea

    Three IFC, Level 43
    10, Gukjegeumyung-ro, Yeongdeungpo-gu
    Seoul 07326
    Republic of Korea
    82 2 6138 4401

    United Kingdom

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