(LONDON) – Hines, the international real estate firm, announced today that Mario Abbadessa has rejoined the firm at the director level to lead Hines’ further investment in Italy. Abbadessa will be responsible for Hines deal sourcing in Italy on behalf of various discretionary and non-discretionary investment vehicles, and also for investors with interest in one-off deals. Abbadessa will be based in London, but will spend half of his time in Italy to source deals locally.
Abbadessa previously spent five years with Hines’ acquisition team in Milan and as a fund manager with Hines Italia SGR. Hines recently sold its interests in its regulated Italian fund management business to Manfredi Catella, who previously served as Hines’ country head for Italy.
Abbadessa will work with London-based fund managers Peter Epping, Paul White and their teams, as well as Hines European leadership, including CEO Michael Topham, CFO Lars Huber and Senior Managing Director Andreas Schreurs.
“Italy has long been and continues to be a strategic market for Hines. Mario’s return to the firm allows Hines to continue building on the legacy we have developed in Italy with new opportunities to continue to invest and develop here,” commented Topham.
Huber added, “Hines is proud of the trust placed in us by our investors. With Mario’s leadership and expertise in Italy, we look forward to finding new opportunities to place their capital in Italy.”
Since entering Italy in 1999, Hines has developed 20 projects, including the landmark mixed-use development Porta Nuova in Milan, which includes 140,000 square meters of office, 125,000 square meters of residential and 40,000 square meters of retail and cultural venues.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 199 cities in 19 countries. Hines has $87 billion of assets under management, including $43 billion for which Hines provides fiduciary investment management services, and $44 billion for which Hines provides third-party property-level services. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,100 properties, totaling over 346 million square feet. The firm’s current property and asset management portfolio includes 531 properties, representing over 186 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.