Hines and QuadReal Property Group have entered into a joint venture partnership to establish a new living-focused programmatic joint venture targeting BTR (build to rent) properties, student accommodation and serviced apartments across continental Europe and regional U.K. markets.
Lars Huber, CEO for Hines Europe, said, “This joint venture partnership represents a fantastic opportunity for us to deploy our on-the-ground teams across a range of countries, capitalizing on their local market knowledge to source and execute acquisitions and developments for the account. In recent years, we have diversified our portfolio into the living sector in pockets, but this is the first time we have embarked on a consolidated pan-European drive into the sector on a single account with a joint venture partner.”
Hines and QuadReal have an existing global relationship, working together on projects predominantly in the United States and Mexico. This joint venture represents the first
