Real Estate Updates
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Asset Manager News
2023 ESG Report
At Hines, we strive to be the best – and most innovative – real estate investment, development, and management firm in the world. Over the years, ESG has become an increasingly critical part of our thinking and planning for the future of Hines.
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Asset Manager News
Retail’s Next Act: Could a right sized retail sector offer a compelling risk-adjusted opportunity for real estate investors?
Hines believes a transformed retail sector has emerged after years of turmoil. Investors may very well have missed that brick-and-mortar retail fundamentals have been performing surprisingly well. This, combined with robust job and wage growth, strong consumer sentiment and stabilizing global inflation levels are all signals that the fundamental turnaround in retail should continue.
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Asset Manager News
KGAL acquires wind farm in Rhineland-Palatinate
KGAL Investment Management is pleased to announce that it has acquired three wind turbines near Perscheid, Rhineland-Palatinate. The wind farm is the first investment in an individual mandate, in which KGAL is advising the Software AG Foundation (SAGST). The wind farm, currently under construction, has a total capacity of 17.1 megawatts (MW) and is scheduled to go into operation in spring 2025. The seller is BayWa r.e.
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Asset Manager News
Hines Opens Office in Jeonju, South Korea
Hines, a leading global real estate investment manager, today announced the opening of a new office in Jeonju, South Korea. This strategic expansion reflects Hines’ commitment to strengthening its partnership with South Korea’s National Pension Service (NPS) and helping to foster the development of Jeonju’s financial sector.
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Asset Manager News
2024 GRESB Results Show Hines’ Leadership in Sustainability Globally
Four Flagship Funds, One Separate Account and Three Direct Investments Earn the Highest Rating of Five Out of Five Stars. Five out of five European discretionary funds recognized as global sector leaders.
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Asset Manager News
Hines Acquires Office Building in Seoul’s Digital Media City
Hines, a leading global real estate investment manager, today announced the acquisition of a fully stabilized office building in Seoul, South Korea. This sale and leaseback transaction highlights the firm’s deep local expertise and its focus on deals with alpha potential.
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Asset Manager News
Real Estate Perspectives
Has Alternative Real Estate Become The New Core Real Estate? We’ve been through a series of repeated crises over the past four years. The unprecedented market context has reshuffled the cards between asset classes, and alternative real estate has emerged on the back of favourable fundamentals.
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Asset Manager News
Deka Immobilien takes advantage of current market phase for acquisition in Sydney, Australia
Deka Immobilien has acquired an office and commercial building in Sydney for its open-ended real estate fund Deka-ImmobilienGlobal. This marks Deka’s re-entry into one of the world’s most sought-after office real estate markets following an absence of almost 20 years.
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Asset Manager News
EDF Invest and Generali Real Estate announce coinvestment program in logistics
EDF Invest, the investment arm of the EDF Group and Generali Real Estate S.p.A. announce the signature of a co-investment agreement whereby EDF Invest acquires from Generali France 50% of the vehicle OPPCI Parcolog Invest. The other 50% of the vehicle continues to be owned by the Generali Group mainly through the Generali Real Estate Logistic Fund (GRELF) managed by Generali Real Estate SGR S.p.A
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Asset Manager News
Hines Launches The SQ Collection - A Global Network Of Diverse Space Solutions
Clients Have Exclusive Access to On-Demand Office, Collaboration and Event Spaces
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Asset Manager News
Ontario Teachers’ Pension Plan and Hines acquire Build-to-Rent portfolio in Australia
Transaction provides geographic diversification and exposure to a key and growing market for multi-family assets
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Asset Manager News
KGAL ESPF 5 acquires wind farm in south-west Germany
Leading independent investment and asset manager KGAL is pleased to announce that its renewable energy fund KGAL ESPF 5 has successfully bid for three wind turbines from BayWa r.e. The wind farm, located in Reichenbach, Rhineland-Palatinate, has a total capacity of 18.6 megawatts (MW) and is nearing completion. KGAL is planning further acquisitions in Germany and the Czech Republic for its impact fund, which will have its final close in October 2024.
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Asset Manager News
Hines Named in U.S. News & World Report’s 2024-2025 Best Companies To Work For
Hines, a leading global real estate investment manager, has been recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For – Real Estate.
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Asset Manager News
DeA Capital Real Estate Launches a New Logistic Fund First Investment In The Novara Province
DeA Capital Real Estate SGR, in partnership with Palm Capital, has established a new Closed-End Real Estate Alternative Investment Fund, fully subscribed by international investors specialised in long-term real estate investments, with the objective of investing significant amounts of capital in the logistics sector in Italy by purchasing both existing properties and properties to be developed.
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Asset Manager News
The IHA 2024/25 finalists at a glance
The International High-Rise Award is aimed at architects and developers whose buildings are at least 100 meters high and have been completed in the past two years. The jury evaluates the nominated projects with the criteria: future-oriented design, functionality, innovative building technology, integration into urban development schemes, sustainability and cost-effectiveness.
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Asset Manager News
International High-Rise Award 2024/25 Projects from three continents in the final for the world’s best high-rise
The finalists of this year’s International High-Rise Award (IHA) have been determined. The jury selected five buildings from Asia, Europe and South America from a total of 31 nominated high-rise buildings from 13 countries. Alongside the wealth of aesthetic and technical ideas, the jury also based its assessment of the respective project on its social value as a “good neighbor”, its sustainable characteristics, and whether it featured a good design with a strong future.
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Asset Manager News
KGAL ESPF 5 completes acquisition of a solar park cluster in Saxony-Anhalt with a total capacity of 120 megawatts
The renewable energy fund KGAL ESPF 5 is investing in two further solar parks near Magdeburg, Calvörde West and Grauingen. The two plants complement the Calvörde Ost solar park acquired at the beginning of 2023, which will soon go into operation. The Calvörde cluster has a total capacity of 120 megawatts. KGAL has already secured attractive long-term feed-in tariffs for the majority of the capacity.
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Asset Manager News
KGAL acquires DGNB Platinum-certified office building in the centre of Vienna
Independent investment and asset manager KGAL is pleased to announce the acquisition of the ‘ViE’ office building in the Austrian capital with a total rental area of 14,100 square metres for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let with renowned tenants. With this acquisition, KGAL is taking advantage of the attractive environment in the European office property market to make a high-quality purchase.
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Asset Manager News
KGAL acquires timber-hybrid office building in Wiesbaden
The independent investment and asset manager KGAL has acquired the “PLATINUM” office building in Wiesbaden, developed by Frankfurt-based project developer OFB, with around 5,300 square meters of rental space for one of its institutional real estate funds.
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Asset Manager News
KGAL ESPF 5 enters into joint venture for the development of battery storage systems in Italy
Leading investment and asset manager KGAL announces that its renewable energy fund KGAL ESPF 5 is entering into a joint venture with IMCS, a renowned Italian renewable energy specialist, to jointly develop battery energy storage systems (BESS) in Italy. The emerging market for energy storage systems is gaining strong political support, as BESS can be used to mitigate the increasing fluctuations in electricity production from renewable energies. At the same time, this modern technology contributes to the portfolio diversification of the KGAL ESPF 5 Article 9 fund.