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Hines to manage Chilean portfolio of Union Investment Real Estate

US property huge Hines announced that it has been chosen by Union Investment Real Estate GmbH, part of the Union Investment Group, which is based in Frankfurt, Germany, to manage four office buildings in Santiago, Chile. The portfolio, which is well located within the Santiago office market, totals 354,633 square feet. The assignment, which represents Hines' first entry into Chile, will commence on August 1 and will include the following buildings: Torre Paris; Bandera 76; Teatinos 254; and the Xerox Building. The buildings are almost fully leased to major multinational companies and Chilean firms.



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