Hines Announces The Square at Corporativo Neuchâtel in Mexico City

Hines’ Flexible Workspace Product Will Create New Benchmark in Mexico City

(MEXICO CITY) – Hines, the global real estate investment, development, and property manager, today announced that The Square, Hines’ flexible workspace platform, will open at Corporativo Neuchâtel, Mexico City’s best-in-class office building from Ivanhoé Cambridge and Hines. This marks The Square’s first location outside of the U.S., following the opening of locations in Houston, Texas and Salt Lake City, Utah. Hines is the first real estate developer to bring premium flexible office space to Mexico City.

The Square at Corporativo Neuchâtel will deliver a new kind of workplace that combines hospitality-driven property management and high-quality furnished suites in a modern Class AA space. Designed for the modern occupier, The Square at Corporativo Neuchâtel will offer flexible memberships by the hour, day, month, or year designed to support an increasingly hybrid workforce.

“Hines is at the forefront of what the built environment can provide occupiers and their employees, with The Square as the epitome of flexibility for today’s hybrid worker,” said Adil Noorani, senior vice president of management services at Hines. “There is a strong demand for high-quality, turn-key flex spaces in the Mexico City office market. Our vision for The Square at Corporativo Neuchâtel is to be a hub for community and culture, where teams can collaborate and connect.”

The Square will offer a variety of floorplans, offerings, and high-caliber turn-key suites:

  • Enterprise suites: seven large private suites range in size from 65 to 200 square meters and can accommodate up to 100 people, with most suites including private conference rooms.
  • Offices: enclosed private offices that range in size from 3.25 square meters for one person to 65 square meters for up to 50 people; ideal for task forces and traveling employees.
  • Shared workspaces: for individuals who want to work anywhere throughout The Square’s several lounge areas which serve as an extension of Corporativo Neuchâtel’s lobby lounge, desks, private phone booths, large communal tables, and conference rooms.
  • On-demand access: a credit plan that allows teams to use office space and meeting rooms in any location of The Square.
  • Services and customizations: The Square offers space customization including design and branding, furniture, IT infrastructure and hospitality services to align with each company’s design and experience standards.

Comprised of 1,447 square meters, The Square will feature floor-to-ceiling windows and panoramic views with some suites boasting views of the Eye of Mexico, Latin America’s first artificial intelligence work of art and private landscaped garden terraces. Members will benefit from amenities such as a wellness room, private conference rooms, phone booths, daily breakfast, a dedicated community manager, and events. Members also have access to the building’s amenities, including a health club, cafe, library lobby lounge, roof terrace, and parking garage.

“Corporativo Neuchâtel is Mexico City’s most creative work environment, designed to attract today’s leading companies and talent,” said Adriano Mantesso, managing director, Head of Latin America at Ivanhoé Cambridge. “Our urban campus is already a major differentiator in the current Mexico City office market, and the addition of The Square will elevate the experience further as a hybrid workplace to meet the customer growth that the market is seeing.”

The Square at Corporativo Neuchâtel is slated to open at the end of 2022. Corporativo Neuchâtel is Mexico City’s first truly high-performance office building, featuring 19 floors of Class A office space with 23,680-square-foot floor plates. Actively leasing, Savills Mexico is set to move into its new space in December. Additionally, Raku Café, an artisan coffee shop, recently opened its newest concept in the hospitality-style lobby. Designed by global firm HOK, Corporativo Neuchâtel is being built to the highest architectural and structural specifications. It is the first office building within the Cuadrante Neuchâtel master-planned community located in the heart of Mexico City and is located alongside two adjacent for-sale residential towers that are completed, and a multifamily-for-rent tower currently under construction.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management totaling approximately $90.3 billionÂą. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. ÂąIncludes both the global Hines organization as well as RIA AUM as of December 31, 2021.

About Ivanhoé Cambridge

Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.

Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,200 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held C$69 billion in real estate assets as of December 31, 2021 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), a global investment group. For more information: ivanhoecambridge.com.