Caption 555 Greenwich will exceed NYC's 2030 climate targets for office buildings by over 45% and align with the state's 2050 carbon neutral targets.
Hines has been recognized with four first place awards at the 2021 Global PERE Awards: ESG Firm of the Year: Global; Firm of the Year: Germany; Firm of the Year: France, and Firm of the Year: Southern Europe.
This major milestone recognized the area of ESG, which Hines believes supports innovation and benefits people and the planet.
"We could not have earned these awards without the hard work our teams do every day to strengthen Hines' global presence. We look forward to the growth and success 2022 will bring as we work to continue to strengthen leadership and position within ESG and our investment, development and management platforms."
Established a new ESG team including a Global Head of ESG, VP-Carbon Strategy, VP-Global ESG and an ESG Senior Leadership Council.
Partnered with structural and civil engineering firm Magnusson Klemencic Associates to develop an embodied carbon reduction guide for new developments. See how Hines is taking leadership on carbon reduction with our Embodied Carbon Reduction Roadmap.
Expanded our employee volunteering program from a U.S. program to also include Canada, Mexico, Panama, UK, Netherlands and Ireland.
Held 11 forums on building empathy, education and action around racial injustice across all the firm’s global regions.
Created two new Employee Resource Groups focused on underrepresented groups at the firm.
We closed on €2.3bn of new transactions including the off-market acquisition of MediaWorks Munich, which will be one of Hines Germany’s largest urban office developments with total project costs of more than €1bn. Thirty-six apartments for disabled and socially disadvantaged tenants and amenity spaces such as a music room including a grand piano, fitness room, kindergarten, barbecue station and the full digitalisation including an app and digital metering have been included at Südkreuz. With the projects MWM and aer, Hines Germany has two operationally carbon neutral developments.
Firm of the Year: France
We entered the burgeoning build-to-rent residential sector in France with the acquisition of a 300,000-square-footportfolio of eight prime sites across Paris and key regional cities. We bought 11 logistics assets spanning 3M square feet across France. In addition, we announced the appointment of Xavier Musseau as Country Head of France in late 2020.
Firm of the Year: Southern Europe
We were awarded the public tender for the acquisition of the Nodo Bovisa site in Milan, which will become home to MoLeCoLa, one of the most significant mixed-use projects in the city. We launched aparto, our student accommodation platform, in Italy. We secured leasing of flagship store in Madrid at our prime Calle Preciados 13 development.
Caption Hines started construction on a new development in Barcelona. The 3,610-square-meter office building will be made entirely of timber, with ambitious ESG credentials. T3 Diagonal Mar is the first fully wooden building of its kind to be constructed by Hines, and its partner, in Europe.
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