UniCredit to Anchor Hines’ Porta Nuova in Milan

Agreement Signed for Bank to Establish New Headquarters in Signature Project

(MILAN, ITALY) – Hines, the international real estate firm, announced today that a lease has been signed with UniCredit, a major international financial institution, for their new company headquarters in Porta Nuova, a major mixed-use development under construction in Milan. Tenancy is expected to begin in late 2012. Specifics of the anchor lease are not being disclosed at this time due to confidentiality provisions.

The initial lease commitment is for campus buildings designed by world renowned architects Pelli Clarke Pelli, including the signature structure in Porta Nuova Garibaldi, a gleaming, 30-story tower which will bear UniCredit’s name at its crown.

The Porta Nuova development is one of Europe’s largest and most ambitious urban regeneration projects encompassing three areas: Garibaldi, Varesine and Isola. The new UniCredit headquarters will be directly adjacent to the Garibaldi train station, as well as proximate to Milan’s Central Station, four subway lines and numerous other public transportation options. In addition, more than 4,000 parking spaces will be built under the development.

In total, Porta Nuova’s master plan includes:

Porta Nuova is the first project in Italy to be LEED® pre-certified. The office buildings of Garibaldi are pre-certified at the Silver level and expected to attain Gold status. The project has been recognized throughout Italy and Europe as a model for future sustainable development.

About UniCredit Group

UniCredit Group is a major international financial institution with strong roots in 22 European countries and an overall international network present in approximately 50 markets, with 9,600 branches and more than 162,000 employees as of 31 March 2010.

In the CEE region, UniCredit Group operates the largest international banking network with around 4,000 branches.

The Group operates in the following countries: Austria Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

About Hines

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 1,111 properties representing more than 451 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 $22.2 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 in the United Kingdom, France’s Haute Qualité Environnementale and with the German Sustainable Building Council. Visit www.hines.com for more information.