Industrial Lease in Brazil Caps Off Record 2010 - Hines

Industrial Lease in Brazil Caps Off Record 2010

Hines CalPERS Brazil Funds Benefit From 2.4 Million SF of Activity

(SÃO PAULO, BRAZIL) – Hines, the international real estate firm, announced today that DSE, the São Paulo State Education Department, signed a lease in December for 181,566 square feet of space in Hines’ Distribution Park Cajamar.

The space will be utilized for school meal food distribution.

Located in just outside of São Paulo, the first phase of the four-building facility was completed in 2010, and is now fully leased.

Phase II is under construction with completion scheduled in June.

The signing of this lease is the culmination of a banner year for leasing activity in Hines’ distribution parks across Brazil.

In 2010, the firm executed 14 industrial leases totaling more than 2.4 million square feet in new developments.

Hines has been the largest industrial developer in Brazil over the last five years and has leased a total of 8.7 million square feet during that period. The firm’s 2010 industrial transactions in Brazil account for more than half of all Class A warehouse leases in the entire country.

Hines’ investor partner in Brazil is the California Public Employees’ Retirement System (CalPERS).

Through the Hines CalPERS Brazil Funds I & II, Hines has developed, or is in the process of developing, nine distribution parks comprising 29 separate buildings in Brazil. CalPERS recently committed an additional $190 million to HCB II to fund new development including warehouse/logistics facilities and affordable housing projects.

“The by-product of a rapidly expanding consumer class has created significant needs for industrial/logistics facilities.

Our distribution park platform is poised to meet this growing real estate niche,” said Hines Brazil Managing Director Doug Munro.

Hines entered the Brazilian real estate market in 1998. Since then the firm has developed more than 17 million square feet of premier office, industrial and residential space in the country, and currently manages 10.6 million square feet there. Hines has logistics projects in six markets throughout Brazil, including Osasco, Louveira, Cajamar, Rio de Janeiro, Manaus and Belford Roxo and is in the process of entering two more markets. CalPERS and Hines began investing together in Brazil in 2005 when the Hines CalPERS Brazil Fund I (HCB I) was established.

It was followed by HCB II in 2007.

CalPERS is the nation’s largest public pension fund with assets totalling $226.6 billion, of which $16.6 billion is invested in real estate. The System provides retirement and health benefits to more than one million state and public employees and their families. For further information on CalPERS, please visit the System’s Web site at www.calpers.ca.gov.

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 1,119 properties representing more than 457 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 $23 billion, Hines is one of the largest sustainable 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
713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax

Regional Offices

U.S. East Region

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

U.S. Midwest Region

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

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
770 206 5300
770 206 5325 fax

U.S. Southwest Region

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

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111-5894
United States
415 982 6200
415 398 1442 fax

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
44 20 7292 1901 fax

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
8610 8453 9866 fax

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80
33 1 41 45 80 81 fax

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100
49 30 726241 109 fax

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
353 1 7 999931 fax 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
352 264 337 37 fax

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
507 300 99 75 fax

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400
48 22 351 2401 fax

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00
7 495 785 05 10 fax

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23
34 91 359 89 71 fax

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
44 20 7292 1901 fax