Hines opens new office in Dublin (IE)

Hines, the international real estate firm, announced today that it has opened an office in Dublin to target real estate and development opportunities emerging from the re-structuring of the Irish banking and real estate sectors. The office will be led by Brian Moran, a native of Dublin who worked with Hines in the 1990s.

Hines is confident that its global platform, existing funds and access to capital sources can play a constructive role bringing stability to the sector, which is currently under considerable stress. Hines has recently completed investment acquisitions of Irish-owned and banked assets in the UK. The firm now looks forward to identifying other deals in Ireland, the UK and beyond where its global presence and financial relationships can add value.

The types of opportunities being targeted by the firm include single-asset acquisitions, pooled-asset acquisitions, completion financing for stalled projects, portfolio workouts and partnerships with owners and their banks.

"The re-structuring of the Irish real estate industry over the next few years will take considerable resources and capital to bring it back to a stable market again," said Hines Ireland Managing Director Brian Moran. "I am very pleased to have re-joined Hines, a global leader in the real estate sector, and to have the opportunity to bring its resources to Ireland to assist in the restructuring process."

"We have been monitoring the situation in Dublin very closely over the last few years and feel the time is right to commit resources and focus of the firm on the situation," said Michael Topham, CEO of Hines Europe. "Hines has significant resources globally to assist the various owners of distressed real estate assets. We are delighted to have Brian back with us coordinating the focus of the firm on the Irish situation."

Source: Hines

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