Hines is a global real estate investment, development and management firm, founded in 1957, with a presence in 214 cities in 24 countries and $120.6bn (€105.4bn) of assets under management – including $66.5bn (€58.1bn) for which Hines provides fiduciary investment management services and $54.1bn (€47.3bn) for which Hines provides third-party property-level services.
Hines remains a privately-owned company with exceptionally strong values and integrity and one that carefully guards its clients’ reputation as much as its own. This ownership structure allows Hines to take a long-term view and pursue strategies that help the company weather real estate cycles.
Hines’ portfolio of existing projects, completed and acquired, includes more than 1,476 properties representing 488.8m square feet (45.4m sqm) of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large master-planned communities and land developments. In addition, Hines’ property management portfolio includes 512 properties totalling 223.5m square feet (20.8m sqm) of prime real estate. The firm has approximately 4,320 employees, most often locals in their specific investment market, executing the different activities of Hines globally.
Hines opened its first European office in Berlin in 1991. The firm then expanded throughout the continent as markets began to recover and as trends leading to the European Monetary Union became evident. Now headquartered in London, Hines Europe has a presence in 55 cities in Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Norway, Spain, the Netherlands and the United Kingdom and manages approximately €17.0bn AUM as a fiduciary and third-party provider. The firm’s European platform includes portfolios of prominent office, retail, industrial and residential properties.
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.
Please visit www.hines.com for more information.
Investment Principles & Strategy
Hines is active across the risk spectrum and in all real estate sectors and is therefore able to respond to opportunities and trends by establishing appropriately focused investment vehicles at the right time and in the right place.
The firm is fundamentally a specialist real estate manager, and its core skillset remains in creating value at the property level by combining sound investment strategies with detailed and complex asset work. The ability to underwrite a real asset with greater insight into its physical systems (with development/engineering capabilities), operating requirements (with property management capabilities) and occupier prospects (with local country teams) allows the firm to drive value throughout a capital markets or rental cycle. A deep understanding of real estate by the fiduciary decision makers and an embedded world-class operator sets Hines apart.
Strategic Corporate Development
Hines was founded in 1957 in the US and has evolved into one of the largest and most experienced real estate organisations in the world. As the firm expanded, it consciously decentralised its organisation, allowing the firm to grow deep regional platforms. Hines’ European presence spans across 12 countries: Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Spain and UK. With over 20 years of operation on the continent under the same continuous leadership, the firm has long-tenured local real estate professionals living and working in their local markets. The European headquarters is located in London, along with Investment Management and Capital Markets functions, and the firm has an AIFM regulated fund management and investment services platform in Luxembourg. The European platform continues to expand as opportunities arise with the most recent office opening in Amsterdam and Copenhagen in 2017.
Sustainability and Innovation
Sustainability has been at the heart of the firm since its inception in 1957. Over the decades, Hines has continuously partnered with leading manufacturers, universities and engineers to pioneer new approaches and technologies that elevate the efficiency and value of every building. Sustainability at Hines is not a means to an end, but an ongoing practice that fosters communities and cities around the world.
In 2008, Hines initiated HinesGO (Hines GREEN OFFICE) as an internal program to measure and reward sustainable practices within all Hines offices worldwide. The firm currently has more than 5.9m sqm of projects that have been certified, pre-certified or registered under LEED®; more than 7.9m sqm in the ENERGY STAR® program and more than 2.7m sqm in the Hines GREEN OFFICE for Tenants program.
In 2017, Hines created the Office of Innovation. This department was created to leverage the innovation that is already occurring and provide resources to take them to the next level by testing and implementing new building technologies that enhance sustainability efforts and future-proof assets.
Hines has partnered with the International WELL Building Institute™ and the Mayo Clinic as a founding member in the Well Living Lab to explore how air quality, thermal comfort, light, acoustics, density and other factors affect stress, sleep and wellness for building occupants.
The firm is also exploring the provision of hospitality focused amenities and experiences for tenants, residents and guests in its office and multifamily properties. Furthermore, Hines is pursuing ways to activate its lobbies and other common areas to encourage collaboration and accidental interactions. In addition to looking at how to create the “third place” in its office buildings – the place between home and work.
Additionally, Hines is an investor in Fifth Wall, a venture capital firm that provides organised access to the landscape of real estate technology and the changes that are occurring. Fifth Wall delivers venture capital experience and execution, coupled with a pipeline of technology firms focused on the real estate industry. This access offers excellent opportunities for early partnerships and allows Hines to influence the thinking of some of the most talented entrepreneurs focused on this area.
COMPLIANCE STATEMENT // The information is intended solely for the use of professionals and is not for general public distribution. This information does not constitute an offer to acquire or subscribe for securities, units or other participation rights in any Hines-sponsored investment program which can only be made by the applicable offering memorandum.
News from Hines [Real Estate - Europe]
(DENVER) – McCaffery, Hines and Ivanhoé Cambridge released new renderings of T3 RiNo, at 3500 Blake Street, located in Denver’s burgeoning River North Neighborhood. The property is being developed into a six-story, 250,000-square-foot T3 (Timber, Transit and Technology) office building, which will be one of the most environmentally friendly and sustainable developments in Denver. One of the images is a visualization of what the neighborhood might look like in late 2021 when T3 and a ...
Hines, the international real estate firm, has acquired the Karlshoehe Portfolio in Stuttgart, for a price in excess of €300 million on behalf of its Hines European Value Fund (HEVF). The portfolio consists of 13 office buildings including two towers and totaling more than 90,000 sqm of NRA. The portfolio is 98% leased, largely to Allianz.
Hines, the international real estate firm, is to partner with leading European hotel operator 25hours Hotels to create a 243-room boutique hotel in the heart of Copenhagen. The new hotel will be the operator’s first project in Denmark and will form the centrepiece of a modern mixed-use development, including premium retail, on the city’s Købmagergade.
(LONDON) – Hines, the international real estate firm, has acquired Cribbs Causeway Distribution Centre, a value add-profile logistics investment located in Bristol, a key UK distribution hub, on behalf of the Hines European Value Fund (HEVF).
(PARIS) – Hines, the international real estate firm, has agreed to acquire a prime flagship store occupied by Yves Saint Laurent located in rue St. Honoré, on behalf of its European Core Fund (HECF).
News from IPE Real Assets
Seventh acquisition for €1.3bn high-street retail fund
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Investment is fifth in Italy this year
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Manager joins private fund in joint development venture in Berlin
White Papers / Research from Hines [Real Estate - Europe]
(HOUSTON) – Hines, the international real estate firm, announced today the release of the firm’s eighth sustainability report. The comprehensive report, which can be viewed at hinessustainability.com/, provides a detailed review of Hines’ environmental, social and governance performance, compiled in accordance with the Global Reporting Initiative (GRI).
Analysis from IPE Real Assets
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