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.

Other News

Here’s looking at YOO

“Waking up worrying in the middle of the night, feeling like the sky is falling on your head, is a sensation most successful people have… Read more »

E Europe

CC Land’s next big play

When Dickie Wong is in London his phone doesn’t stop ringing. The CC Land deputy chairman, who led the £1.15bn acquisition of the Cheesegrater, EC3,… Read more »

E Europe

New ULI president Chris Choa puts focus on connectivity

“Connectivity is destiny.” It sounds more like the tagline of an epic Hollywood film trailer than the mantra of the Urban Land Institute’s new UK president. But… Read more »

E Europe