(HOUSTON) – Hines, the international real estate firm, is honored to announce that it was recognized with three first place awards at the 2020 Global PERE Awards. Hines Chairman and CEO Jeff Hines was named Industry Figure of the Year – Global. The firm also received first place honors for Office Investor of the Year – Global, and Firm of the Year – Italy. In addition, the PERE Editorial Board presented Jeff Hines with their 2020 Lifetime Achievement Award in recognition of his significant accomplishments and to the world of commercial real estate investment.
The prestigious annual awards recognize real estate investors, managers, advisors and individuals that have made a significant impact in the industry over the past year. Decided purely by industry voting, the PERE Awards remain one of the highest profile accolades for the world’s private real estate markets.
Jeff Hines, Industry Figure of the Year – Global: In the year he inherited the chairmanship of the company from his late father and company founder, Gerald D. Hines, Jeff led the company as it struck a $1.5 billion global joint venture with Korea’s National Pension Service (NPS) for a build-to-core, cross-asset class strategy; completed seven office transactions stateside totaling roughly $3.8 billion, including the $492 million acquisition of a 49% share of One Madison Avenue alongside NPS; teamed up with Ivanhoé Cambridge in a 10 million-square-foot office portfolio asset management separate account; raised €4 billion for its one-off joint ventures and over €1.5 billion for its funds and separate accounts; and teamed up with Henderson Park to buy five hotels on the Greek island of Crete.
Office Investor of the Year – Global: Hines completed seven transactions totaling roughly $3.8 billion, including the $492 million acquisition of a 49% share of One Madison Avenue alongside NPS; and struck a deal with Canadian investor Ivanhoé Cambridge to reposition a 10-million-square-foot office portfolio.
Firm of the Year – Italy: Italy’s Firm of the Year award represents the country’s second, consecutive award win in this category further demonstrating Hines’ continued growth in the region. In 2020, Hines Italy played a central role in revitalizing the center of Milan with new deals of over €1.8 billion. Additionally, Hines completed its investment in the Ex Trotto area and the Ex Training Centre complex in Milan’s San Siro district in April 2020. On top of this, Hines completed the signing of a framework agreement with MilanoSesto for the acquisition and development of Unione Zero, the first development of MilanoSesto. The 1.5 million-square-meter MilanoSesto project is the largest urban regeneration project in Italy and one of the largest in Europe with a total investment volume of €4 billion.
Hines received second-place finishes in the categories of Firm of the Year – Global; Residential Investor of the Year – Global; and Residential Investor of the Year – Europe. Third-place finishes included Firm of the Year – North America; Industry Figure of the Year – North America; Firm of the Year – Europe; and Industry Figure of the Year – Europe.
“2020 was a tremendous year for Hines, despite the many global challenges faced by the pandemic, and we are honored and humbled to be recognized by our peers in the 2020 Global PERE awards,” said Jeff Hines, CEO and Chairman of Hines. “We could not have earned these awards without the hard work our teams do every day to strengthen Hines’ global presence. We look forward to the growth and success 2021 will bring as we work to continue to strengthen leadership and position within our investment, development and management platforms.”
Hines also received nominations for Deal of the Year – North America with our investor partner Ivanhoé Cambridge, and Office Investor of the Year – North America.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 225 cities in 25 countries. Hines has approximately $144.1 billion¹ of assets under management, including $75.5 billion for which Hines serves as investment manager, including non-real estate assets, and $68.6 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 1,426 properties, totaling over 472 million square feet. The firm’s current property and asset management portfolio includes 576 properties, representing over 246 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. ¹AUM includes both the global Hines organization as well as RIA AUM.