Hines Appoints Lorenzo PeƱalver as Investment Director

(MADRID) - Hines, the international real estate firm, has announced the appointment of Lorenzo PeƱalver as Investment Director in Spain.

Lorenzo has 16 years of experience in operations and financial management in the real estate sector. He joins Hines from Aberdeen Asset Management, where he was Senior Transaction Manager in Spain and Portugal, and Asset Manager for part of its real estate portfolio spanning logistics, office and hotel assets in Spain, and retail properties in Portugal.

Lorenzo also has a wealth of broader real estate experience having worked for a number of leading companies in the sector in Spain and across wider Europe, including AXA Real Estate, Banco Santander, KPMG and Dunas Capital. During this time, he has honed his expertise in design and implementation of investment strategies, search, analysis and execution of real estate investments and asset management.

The new Investment Director at Hines Spain has a notable academic background, with a Cum Laude degree from the Avon Old Farms School, Connecticut (USA) and a degree in Business Administration from the Colegio Universitario De Estudios Financieros (CUNEF) in Madrid.

At Hines Spain, Lorenzo will be responsible for spearheading the analysis and evaluation of new investment opportunities in the country, covering all asset classes with a focus on Madrid and Barcelona, as well as other Spanish benchmark cities for logistics and residential.

Vanessa Gelado, Senior Managing Director and Country Head of Spain, at Hines says: ā€œWe are very pleased to welcome Lorenzo to our team. Following a very successful year and our 25th anniversary in the country, Lorenzoā€™s experience and insight will help us further bolster our market presence across Spain. We remain dedicated to providing exceptional client service, utilizing our investment platform, boots-on-the-ground presence, active asset management ethos and our specialist local knowledge to execute on and off market deals, to create value underpinned by an ESG focus.ā€

Lorenzo PeƱalver, Investment Director at Hines in Spain added: ā€œIt is great to join Hines at such an exciting time for the business. To become part of the team in Spain in the midst of ongoing operational expansion is a great opportunity. I look forward to working across multiple asset classes including offices, logistics, residential and retail, together with Vanessa and the wider team, to drive our growth plans even further forward.ā€

About Hines

Hines is a privately held global real-estate investment firm founded in 1957, with a presence in 255 cities in 27 countries. Hines has approximately USD 83.6 billion[1] in assets under management. In addition, Hines provides investment management services to more than 367 properties covering 12.84 million sqm. Historically, Hines has built, renovated or acquired 1,486 properties, totalling more than 45 million sqm. The company has more than 171 ongoing developments worldwide. With extensive investment experience across the risk spectrum and all property types, as well as a pioneering commitment to sustainability, Hines is one of the largest and most respected real estate companies in the world.

Since entering Europe in 1991, Hines has expanded its European platform to include offices in 16 cities, as well as a presence in 62 cities in 13 countries. Hines oversees a portfolio of AUM valued at approximately EUR 21.7 billion of assets under management in Europe, representing over 3.8 million sqm of assets for which Hines provides services at third-party property level, in Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Poland, Spain and the United Kingdom.

Visit www.hines.com for further information.

[1] It includes both Hinesā€™ global organization and RIA AUM as of 30 June 2021.