Hines is using MIPIM as a platform to build on its strategy of further diversifying into new asset classes and emerging territories as it looks to source new opportunities across the risk spectrum in strategic locations.
Hines is using MIPIM as a platform to build on its strategy of further diversifying into new asset classes and emerging territories as it looks to source new opportunities across the risk spectrum in strategic locations.
Hines features in 21st place in PropertyEU's ranking of Top 100 investors, based on 2015 European transaction volume, which is published at MIPIM.
The company is one of the world’s largest real estate investment managers with $87 bn (€78 bn) of assets under management globally. The company said on Tuesday that it is actively seeking new development and acquisition opportunities in recovering European markets including Ireland, Spain, Italy, Greece, Portugal and the Netherlands, whilst retaining its strength in established markets such as UK, Germany and France.
Building on the company’sportfolio of office, retail and residential investments, Hines Europe is working on further expanding into sectors such as high street retail, logistics, multifamily, student housing and hospitality.
Mandate
Hines has recently been appointed by Bayerische Versorgungskammer (BVK) to execute a €1.3 bn separate account programme targeting prime high street retail properties across 20 countries in Europe and has already executed its first transaction - the sale and leaseback of an iconic building on Oslo’s Karl Johans gate, further transactions being on the way.
In the last 12 months the firm has also invested over €100 mln in prime retail assets in Edinburgh, Madrid and Barcelona through its Pan-European Core Fund (HECF), and is currently finalizing a further high street retail acquisition in Italy. These recent deals of the various Hines vehicles demonstrate the company’s move into a new sector that offers attractive returns through selecting attractive markets and strategic assets as well as active asset management and redevelopment opportunities.
Hines Europe is also embarking on a new European value strategy, seeking investments in attractive markets and sectors across the European markets and different product types with below-trend values.
Hines said it is well positioned to take advantage of opportunities in new markets with its integrated business model and the ability to leverage its pan-European platform to focus on value creation and expansion into new markets. Hines brings together its research-based investment strategies with a strong execution platform and expertise in local markets to deliver results on behalf of its clients and the company.
Lars Huber, Co-CEO for Hines Europe, said: 'The ambition for Hines' European Region this year is to further strengthen our position in our established markets whilst also selectively entering new interesting markets such as Greece, Portugal, the Netherlands and the Nordics, and embracing new sectors such as high-street retail, multi-family and student housing where we see significant opportunities to create value.'
Michael Topham, Co-CEO for Hines Europe, added: 'Hines is benefiting from a deep pool of funds, separate accounts and one-off investor partners, allowing us to be highly competitive across the risk spectrum in the different markets and sectors. Combining our full vertical integration, strong local teams and our global network, Hines is well placed to successfully service its investor partners globally.'
