Hines eyes alternative Europe

MIPIM 2016: Hines Europe will diversify into emerging Europe in the coming year, the company has announced.

Hines, traditionally an investor in the UK, Germany and France, will look at doing deals in Ireland, Spain, Italy, Greece, Portugal and the Netherlands.

The company will seek value-add investments across sectors and product types, and look at redevelopments as well as asset management opportunities.

Lars Huber, co-chief executive of Hines Europe, said: “The ambition for Hines’ European region this year is to further strengthen our position in our established markets while also selectively entering markets such as Greece, Portugal, the Netherlands and the Nordics, and embracing sectors such as high street retail, multi-family and student housing, where we see significant opportunities to create value.”

The decision to diversify follows on from a recent €1.3bn mandate from Bayerische Versorgungskammer.

Hines has executed the separate mandate’s first transaction, a sale and leaseback of an office at Karl Johans Gate in Oslo, Norway.

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