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- September 1, 2012: Vol. 6, Number 8

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Hines, HAIL Venture Buys London Office Complex

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A joint venture between Hines and HSBC Alternative Investments Ltd (HAIL) has acquired the Broadgate West office complex in the City of London from a private company owned by Peter Marano and Michael Dennis.

“It was a pleasure to do business with a buyer that performed on the deal we shook hands on,” says Marano.

The 42,500-square-metre property is located on the northern edge of the Broadgate estate and incorporates two phases. The 10-storey, 22,600-square-metre first phase was designed by Gensler and completed in 2000, and the 12-storey, 19,900-square-metre second phase was designed by SOM and completed in 2003. Tenants of the two buildings, which are fully let, include Ashurst, GFI, Shearman & Sterling and UBS.

“We are delighted to have closed this acquisition in Hines’ first joint venture with HAIL,

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