Hines, the international real estate firm, has announced two senior promotions to spearhead the continued growth of its Netherlands platform and Living offering across Europe.
Andy Smith has been promoted to senior managing director, Netherlands and Pavlos Gennimatas has been promoted to managing director of European living.
Smith joined Hines in 2007, holding roles in the capital markets and European acquisitions and asset management team before establishing the Hines Netherlands platform in 2017.
Since this time, Smith has been Netherlands’ country head and built the team to 29 people with assets under management of €560 mln. In the Netherlands, Hines continues to expand its on the ground team and platform, with a current focus on living, mixed-used and logistics assets.
Gennimatas joined Hines in 2016 as an associate in investment management and was promoted to director - European living in 2018. Gennimatas' focus is on the ongoing growth of Hines’ living platform covering investment and development of its projects across Europe.
Lars Huber, CEO, at Hines Europe commented: 'We have ambitious plans for continued growth in Europe, and both Andy and Pavlos exemplify our commitment to this aim.
'Andy is growing our Netherlands platform as we continue to make strategic investments and build our footprint in the country, while Pavlos is leading our Living charge as we continue to launch more projects in a sector where the market fundaments remain very strong. Both promotions are very well deserved.'
The living sector is a key strategic growth area for Hines across Europe with current assets under management of €3.6bn. The firm will continue to acquire or develop build to rent (BTR) assets this year, while continuing the ongoing growth of its student housing platform, the firm said.
The Hines team across Europe is currently active in 13 countries spanning the office, retail, living, logistics and mixed-use sectors, managing a combined property portfolio worth more than €22.7 bn.
