2024 GRESB results demonstrate Hines’ leadership in sustainability…

(HOUSTON) – Hines, a leading global real estate investment manager, has been recognized by the Global Real Estate Sustainability Benchmark (“GRESB”) for its global excellence in sustainability, receiving five out of five stars for four flagship funds and three direct investments and one separate account. The ratings confirm the company’s leadership in sustainable value creation and ongoing efforts to increase value for investors and funds.

In 2024, four of Hines’ flagship funds are recognized industry leaders, with all of the firm’s flagship funds now rated 4 or 5 stars by GRESB.

“As an investor and capital manager, promoting sustainable value creation and protecting value are critical to the success of our portfolio,” said Sonny Masero, Managing Director of ESG. “These outstanding GRESB results underscore the strength of our platform and our ability to implement a wide range of sustainability solutions, regardless of property type or geographic location.”

Europe

Hines European Core Fund (HECF) received a five-star rating with an overall rating of 93/100, ranking first in its peer group of 117 European core and tenant portfolios for the eighth consecutive year. This highlights its consistent strategy, solutions and tireless efforts towards the net zero transition.

Hines European Real Estate Partners (HEREP) IIIreceived a five-star rating with an overall rating of 100/100, also placing first in its peer group. HEREP III is the third fund in a series of discretionary, closed-end real estate funds that seek to acquire compelling, thematic investments in primary European markets with a focus on fundamental trends and capital market inefficiencies.

Hines European Value Fund 2 (HEVF 2) was awarded five stars and received a 100/100 score for the second year in a row. The company also ranked first in its peer group of European unlisted closed-end value-add funds for the third consecutive year.

HEVF 2 is the vehicle behind the acquisition and sustainable transformation of Hines’ European headquarters building, Grainhouse, in Covent Garden, London. Hines believes Grainhouse represents one of the world’s best examples of purely vertically integrated real estate investment, development, management and occupancy, delivering a next-generation office building that has world-class ESG credentials

Hines’ retail account on Main Street with a German pension insurance group, was awarded five stars and a score of 93/100, placing it first in the peer group of European, centralized, tenant-controlled and diversified office and retail portfolios.

Cherrywood in Dublin, Irelandwas awarded five out of five stars for the fifth consecutive year, with a 2024 GRESB overall score of 97/100. The project won a total of five awards, taking first place out of 15 for mixed use in Europe, first place for mixed use, unlisted in Northern Europe and first place for mixed use, unlisted, opportunistic. The residential-led, mixed-use project Cherrywood Town Center consists of 1,268 apartments with associated retail, food and beverage offerings and parking. The development is one of the most sustainable urban developments in Europe, as these results show.

Hudson Square real estate in New York City received a five-star ranking with an overall rating of 93/100, placing it first in its peer group of unlisted value-added office properties in the United States.

The Hudson Square Properties is a joint venture between Trinity Church Wall Street and Norges Bank Investment Management, with Hines as an operating partner. It is a 12-building portfolio with approximately 6 million square feet of leasable space in a prominent Lower Manhattan neighborhood.

Hines US Property Partners (HUSPP) And Hines US Property Recovery Fund (HUSPRF) As 4-star funds continue to show Hines performing better than its peers, HUSPP increased its score by 28 points year-over-year and is 6% above its peers, while HUSPRF increased its score by 19 points year-over-year.

Asia

Hines Asia Property Partners (HAPP) received a four-star rating. HAPP is an open-ended core-plus fund that seeks to invest in a diversified portfolio of high-quality assets across residential, industrial, office and retail sectors. HAPP’s assets received 31 green building certifications, including LEED Gold for the Westgate Tower in Seoul and CASBEE Superior for the Aquaria Tower in Yokohama – the fund’s recently renovated office properties. HAPP has signed green leases for approximately 76,000 square meters of its assets under management.

A museum place in Shanghai is a 1.4 million square foot, 60-story Grade A office tower with a six-story retail podium. The property ranked first among its competitors and maintained its five-star rating for two years in a row. The building was among the city’s first LEED Platinum certified office towers. It also received WELL Platinum certification and the RESET Air Standard for indoor air quality, which is ensured by the tower’s advanced air quality monitoring and management system.

Atrium Square in Gurugram, A 3.07 million square foot Grade A+ office project received a three-star rating. The nearly 12-acre development project is pre-certified with LEED Platinum, Smartscore Platinum, Wiredscore Platinum and WELL Platinum, demonstrating its commitment to environmental sustainability, customer centricity, future-proof technology and market-leading innovation.

About Hines

Hines is a leading global real estate investment manager. We own and operate $93 billion²of assets across various property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 31 countries draw on our 67-year history to move the world forward by investing in, developing and managing some of the world’s finest real estate. To learn more, visit www.hines.com and follow @Hines on social media.

¹ As of June 30, 2024.

² Includes both the global Hines organization and RIA AUM (as of June 30, 2024).

About GRESB

GRESB is a mission-driven and industry-led organization that provides standardized and validated environmental, social and governance (ESG) data to financial markets. Founded in 2009, GRESB has become the world’s leading ESG benchmark for real estate and infrastructure investments, used by institutional and financial investors to make decisions. GRESB data is used by hundreds of financiers and thousands of asset managers to compare investments across portfolios and better understand the opportunities, risks and decisions that need to be made as the industry transitions to a more sustainable future. Hines pays to attend GRESB.

For more information, visit GRESB.com