Hines launches new European management services, acquires Helix

Hines has plans to acquire Helix, a U.K. specialist commercial property management company, signaling the launch of its new customer-centric and experience-focused management services and operations platform in Europe.

The completion of the acquisition is subject to FCA approval.

Based in London, Helix has a dedicated team of 60 professionals providing the full spectrum of property management services, managing a U.K.-wide commercial real estate portfolio, spanning all asset classes, which is valued at more than £3.5 billion (€4.1 billion/$4.7 billion).

The two companies already enjoy a close, long-standing relationship developed during the past 10 years, with Helix providing property management services across the majority of properties in the Hines U.K. portfolio, including 20 Old Bailey, 7 Soho Square and Atlas House in London, alongside all of the Hines European Core Fund, Hines European Value Fund and Hines Global Income Trust assets. In addition, Helix