In 2016, Hines acquired Via de’ Tornabuoni, the most historic building in Hines’ portfolio. Originally constructed in 1499 and last refurbished in 2008, the property is well-positioned on Via Tornabuoni, one of Florence’s most prestigious high streets for international luxury fashion brands. The 48,000-square-foot (4,500-square-meter) asset is leased to prime retail tenants Burberry, Tiffany & Co., and Swatch, as well as a five star hotel opening in May 2020.