Hines Promotes Patrick Albrand to President of Hines France

(PARIS) – Hines, the international real estate firm, is pleased to announce that Patrick Albrand has been appointed president of Hines France. Albrand began with Hines in 1995 when the firm entered the French market. Albrand succeeds Olivier de Dampierre, who will stay with the firm as a senior advisor in charge of major development projects and president of the subsidiary Hines Holding France II.

Assisted by Patrick Bosque, managing director – property development and Xavier Musseau, managing director – investment management, Albrand will lead the Hines France team supervising all Investment Management and Development activities.

Albrand has been working for more than 25 years in the real estate sector. From 1989 to 1994, he worked as Director of Development for Stim Entreprises in the Bouygues Group. He received his Master of Architecture from the Beaux Arts Architectural School in Paris in 1980, as well as his Master of Real Estate from Columbia University in New York in 1988. He started his career as Senior Researcher in the Applied Science division of Lawrence Berkeley Laboratory in Berkeley, California from 1983 to 1987.

“After 20 very successful years for Hines in France, we are excited to be announcing the reorganization of our team in France, with leadership being assumed by Patrick Albrand,” said Michael Topham, CEO of Hines Europe/Middle East Region. “We are also very pleased that Olivier de Dampierre has agreed to stay on board to supervise large development projects. The firm is appreciative of Olivier’s excellent work at Hines France over the past two decades.”

Since its creation in 1995, Hines France has acquired or developed more than one million square meters of office buildings in Ile-de-France, for Hines-managed funds or for institutional investors, particularly in La Défense. These properties include EDF Tower, GDF Tower, and more recently, the Carpe Diem Tower for Aviva/Predica. In Boulogne-Billancourt, Hines France properties include the redevelopment of the former Renault land, and more recently the Duo Towers in Seine Rive Gauche, which are under development for Ivanhoé Cambridge. Today, Hines France manages more than $1 billion in assets, has more than 300,000 square meters of office space under building permit, and 100,000 square meters under construction.

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 1,317 properties representing more than 541 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 391 properties totaling 161 million square feet, which includes 89.1 million square feet for third parties. With offices in 115 cities in 18 countries, and controlled assets valued at approximately $28.2 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, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com

for more information.

Patrick Albrand