News
National Office

$5.5B Sale: Hines Offers Real Estate Portfolio To The Highest Bidder

An office building in London’s Canary Wharf is up for sale by Hines as part of a $5.5B property dump.

Hines manages over $89B in property, 62% of which is in the US. The Houston-based firm has tapped Lazard to advise on the sale of properties by the privately-held Hines Global REIT, which owns all or part of 43 properties, Bloomberg reports.

Hines Global REIT said it’s evaluating a sale of assets, a sale or merger, listing shares on a national securities exchange or some similar transaction in its March 28 SEC filing—but the firm hasn’t released any set timetable for the potential selloff. [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme