Houston-based Hines is making its first foray into the Chilean market to manage a portfolio of
“We are proud to build on the relationship we have established with Union
The assignment commences on Aug. 1 this year and will include Torre Paris, Bandera 76, Teatinos 254 and the Xerox Building, all in Santiago. The buildings are almost fully leased to multinational companies and Chilean firms.
While new to Chile, Hines has firm footholds in Latin America. Hines manages or owns 22 office projects in Brazil, chiefly in São Paulo. In Panama, Hines manages a 500,000 s.f. office project and a 93-acre office/industrial
Hines’ has developed projects throughout Mexico and lists 10 properties currently under its management. All told, privately owned Hines has more than 120 million sq. ft. under management, with offices in 106 cities in 17 countries, and controls assets valued at approximately $23.7 billion.
Union Investment Real Estate GmbH is part of the Union Investment Group, based in Frankfurt, Germany.