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Sign in Sign up for a FREE subscriptionHines consolidates European expansions with new asset management mandates
Hines is expanding its asset management business in Europe through a mandate from a German pension fund to manage eight mixed-used properties.
With a total leasing space of around 61,000 square meters (657,000 square feet), Hines will be responsible for the asset management and development of;
Three assets in Berlin (Leipziger Platz, Jägerstraße and Potsdamerstraße) One in Hamburg (Museumsstraße) and Düsseldorf (Karlstadt Carré) Two properties in Vienna (Kärntner Strasse and Mariahilfer Strasse) The prestigious 223 Rue Saint-Honoré in Paris.The Hines France office will resume management of the 223 Saint-Honoré in Paris, home to numerous offices and two luxury retail shops: Paule Ka and Paul Smith. This asset adds to the strategic development and management of high-street retail by the France team, which already manages 114 Champs-Elysées, Marché Saint-Germain and 213 Rue Saint-Honoré with an AUM of €942.6 mi
