(AUCKLAND) – Hines, the global real estate investment, development, and property manager, announced today that it has opened an office in New Zealand as part of its strategic Asia Pacific expansion. The new office marks the firm’s 11th office location and seventh country since establishing its presence in Asia Pacific in 1996. It also represents the firm’s 30th operating country worldwide.
"We see compelling opportunities in New Zealand especially in the build-to-rent (BTR,) value add office and logistics /industrial sectors, and its marketplace is a natural extension to what our teams are already doing in Australia,” said Ray Lawler, chief executive officer, Asia Pacific of Hines. "At our core, Hines places a high value on sustainability, innovation and service, and these principles are critical to unlocking the full potential of New Zealand’s commercial real estate market."
Representing Hines in New Zealand is James Molloy, who joined the firm in February 2023. He will manage the New Zealand office and source new acquisitions, investment and development opportunities in the country. Based in Auckland, James works closely with Hines’ Head of Australia and New Zealand David Warneford, who is based in Sydney.
James has over 15 years of real estate experience and most recently led New Zealand real estate fund management business Oyster Property Group where he was the general manager – investment and a member of the executive team. James holds a bachelor of property degree from the University of Auckland and is a member of the Royal Institute of Chartered Surveyors.
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 28 countries. We manage a $92.3B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 634 properties totaling over 225 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2022.