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Real Estate (Inv. Prop.)

Hines Spain

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Hines Spain

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As part of the Hines Europe expansion, the firm entered the Spanish market with a strategic investment in Barcelona in 1996. That investment centered on 34 hectares (84 acres) of land in downtown Barcelona, fronting onto the Mediterranean Sea. Now known as Diagonal Mar, the project is one of Europe's largest mixed-use developments, totaling over 372,000 square meters (4 million square feet). The project consists of an 87,500-square-meter (941,500-square-foot) retail and leisure center, which opened in November 2001, five residential phases with a total of 1,400 apartments, three hotels, three office buildings and the third largest public park in Barcelona. In 2000, Hines expanded its operations in Spain by opening the Madrid office. In 2004, the Marbella office was opened. Today, Hines España has over 30 employees involved in development, leasing, financing and asset management.

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