Eurobuild Awards

Hines Poland Sustainable Income Fund (HPSIF) /Hines Polska

CATEGORY
Investor of the Year, CEE
Hines is a privately owned global real estate investment, development and management firm, founded in 1957, with a presence in 192 cities in 20 countries and $93.2 billion of assets under management—including $47.9 billion for which Hines provides fiduciary investment management services and $45.3 billion for which Hines provides third-party property-level services. Hines regional office in Poland was founded in 1997 in Warsaw.Hines Polska, a strong team of 60 professionals devoted to quality and long-term perspective of business in Poland and Central Europe represents: professional knowledge in office, residential and, most recently, industrial sectors, privately owned platform open to work in joint ventures, co-developments and with private funds on a project by project basis, committed, long-tenure top management development, reporting and integrity standards of highest international quality, track record in completed and on-going large scale projects throughout Poland.
Name of company
Hines Poland Sustainable Income Fund (HPSIF) /Hines Polska
Name of President or Managing Director for the region
Mieczysław Godzisz President of the Management Board at Hines
Regions active in (in which countries the company operates)
Poland
Portfolio
Nestlé House
Ambassador Office Building
Sky Office Center
Nord Point
Distribution Park Żerań
Distrubution Park Porfolio ( Grodzisk Mazowiecki, Toruń, Mysłowice,Legnica, Garwolin)
Office projects included in the portfolio
Nestlé House
Ambassador Office Building
Sky Office Center
Nord Point
The value of office properties held by investor (in EUR)
confidential
Retail projects included in the portfolio
N/A
The value of retail properties held by investor (in EUR)
N/A
The value of warehouse properties held by investor (in EUR)
0
The largest purchase transactions between October 2015 and September 2016 (subject of the transaction, its total take up area and value in EUR)
Purchasing Distribution Park Żerań (previously known as Annopol Business Park), a 44,500 sq m A-class warehouse and office center in Warsaw, from ECI S.A. (February 2016)
Acquiring a logistics portfolio from NBGI Private Equity – five warehouse facilities in Poland totaling 126,289 sq m (June 2016)
Future plans
By mid-2017 the Fund intends to invest remaining capital by acquisition of single or multiple office projects in Poland. With respect to acquired and managed assets the Fund will continue its strategy aimed at improvement of sustainability and promotion of sustainable attitudes amongst tenants and their employees. Hines, acting as the property manager of all acquired assets, will continue its efforts to maintain highest quality of buildings, continuously improve operations, minimize operating costs and achieve highest levels of tenant satisfaction resulting in high retention ratio.
The value of the funds for the investment, whether the investor is permanently established in countries in the region, the number of employees
confidential
Acquisition activity across the CEE real estate markets between October 2015 and September 2016
Poland offices and logistics assets
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
In 2015 Hines reinforced its position on the Polish investment market by closing Hines Poland Sustainable Income Fund (HPSIF) with total capitalization of €155million. Apart from the newly-acquired five warehouse facilities, HPSIF portfolio also includes Distribution Park Żerań logistics centre (formerly known as Annopol Business Park) and three office buildings in the Warsaw district of Mokotów – Ambassador Office Building, Nestlé House and Sky Office Center.
Hines Poland Sustainable Income Fund represents Hines’ first fund concentrated solely on Poland. HPSIF is focused on income as a significant component of the return profile by acquiring high-quality properties with higher income yields than many other core Western-European countries. Acquired assets undergo improvement in terms of sustainability and operation and become green-certified.
After acquisition of each building Hines, in line with own sustainability program, takes market-unique measures to further minimize the environmental output assets. Hines green office standards (Hines GO) were implemented both at asset and tenant level while condition of green areas around the building has been improved.
Company website
www.hines.pl