Mumbai's next growth chapter: Hines expands long-term vision across India with strong focus on Mumbai. Global real estate firm Hines is strengthening its long-term growth strategy in India, with an expanded focus across key cities including Gurugram, Delhi, Bengaluru, Pune, and increasingly Mumbai. The company's continued investments reflect strong confidence in India's evolving real estate landscape and its position as one of the most dynamic global markets. Speaking to The Economic Times, Hines Co-Head of Investment Management Chiang Ling Ng noted that the company has "never been busier in India," highlighting nearly two decades of sustained engagement in the country's property sector. Mumbai emerges as a key growth hub for Hines. Mumbai is playing a central role in Hines' India expansion strategy, particularly as the city continues to strengthen its position as a global financial and business hub. The company's latest developments underscore rising institutional interest in the city's real estate market. In the Bandra Kurla Complex (BKC), Hines is developing premium office spaces designed to meet global occupier standards, reinforcing Mumbai's status as a preferred destination for multinational corporations and financial institutions. Expanding residential development in Powai. Alongside its commercial portfolio, Hines is also actively involved in residential development in Mumbai. In Powai, the company is working in partnership with Sumitomo Corporation to create a modern residential destination tailored to the expectations of the city's emerging urban population. The project reflects growing demand for high-quality housing that integrates design innovation, connectivity, and lifestyle-focused infrastructure. India's real estate market attracts sustained institutional confidence. Hines' continued expansion in India highlights the increasing confidence of global institutional investors in the country's real estate sector. Over the past decade, India has emerged as a key destination for long-term capital due to strong economic growth, urbanization, and infrastructure development. Cities like Mumbai are benefiting from this momentum, driven by improvements in transport infrastructure, commercial development, and a rapidly evolving talent ecosystem. Strengthening Mumbai's position as a global investment hub. Mumbai continues to reinforce its position as one of Asia's leading business and investment centers. The city's combination of financial institutions, corporate headquarters, and skilled workforce makes it a strategic location for global developers like Hines. The company's dual focus on commercial and residential projects reflects a broader urban trend where integrated development is shaping the future of city planning and investment strategies. Strategic significance. Hines' expanding footprint in Mumbai and across India signals a long-term commitment to one of the world's fastest-growing real estate markets. With sustained investments in office spaces and residential communities, the company is contributing to the evolution of urban infrastructure and global-standard developments in India. As institutional confidence continues to grow, Mumbai is expected to remain a key driver of real estate innovation, investment activity, and urban transformation in the years ahead.

Hines and Chancerygate land Investec loan for £39m Oldham logistics scheme. Investec Bank has provided a senior development loan to Hines and Chancerygate to fund a 166,500 sq ft speculative urban logistics development in Oldham. The Aurora Park urban logistics scheme at Broadway Green will comprise 18 leasehold units ranging from 4,700 sq ft to 20,500 sq ft, with a projected gross development value of around £39m. The project will be developed by a joint venture between Hines and Chancerygate, with Chancerygate acting as development manager. Tom Griffiths, originator, corporate real estate finance at Investec, said: "This latest facility demonstrates Investec's ability to support Hines and Chancerygate across multiple projects and capital requirements, providing funding that helps maintain momentum from acquisition through development and stabilisation. "For Oldham, Investec's understanding of sponsor priorities and delivery considerations enabled a pragmatic structure that supports efficient execution of a scheme designed to meet strong regional demand for well-located industrial space." Chancerygate chief financial officer Ryan Craig added: "Investec's deep sector knowledge and ability to execute reliably continues to add value across the development pipeline. "Their approach to structuring finance is aligned with delivery realities and this facility supports the timely delivery of a scheme that responds to sustained demand for high specification, energy-efficient urban logistics accommodation in Greater Manchester." Over the past two years, Investec has provided Hines with investment and development facilities for UK industrial and logistics projects totalling just under £300m in gross development value (GDV). Investec has lent £454m to the UK industrial and logistics sector since the start of 2025.

Burstone pivots to global funds model with Hines JV. Deal marks shift from landlord to asset manager with expansion pipeline. March 17, 2026 at 05:00 am Property Writer Burstone CEO Andrew Wooler says the group's recent joint venture (JV) with Hines, acting on behalf of Hines European Real Estate Partners (Herep) 3, is a deliberate move to shift from a traditional property owner to a global real estate player with stronger funds and asset management capabilities. The partnership focuses on a pan-European portfolio of light industrial assets. Burstone is contributing 20% of the equity and will take responsibility for investment and asset management, leveraging Hines' established European industrial platform, which had a gross asset value of more than €5bn (about R96bn) as of December 2025. So far, the JV has deployed more than R760m to acquire six off-market assets in Germany and the Netherlands, covering roughly 49,000m[2] and 90% occupied by logistics and wholesale tenants. A phased capex programme is planned to reposition these properties and boost rental growth, laying the groundwork for the JV's next phase of expansion. "Germany and the Netherlands have mature industrial and logistics markets, well connected by road, air and rail, with major distribution hubs. Their logistics and light industrial sectors are deep, efficient and highly liquid," Wooler said. With these initial acquisitions secured, the JV will focus on Germany and the Netherlands, strategically targeting prime commercial locations near major urban centres, building on its strong track record of operating profitably in these markets, he said. Wooler said since peaking in mid-2022, the light industrial market has materially repriced and remains fragmented at many core Continental European locations. Much of the stock is underloved and undermanaged, presenting a compelling opportunity to unlock value through its asset management approach. "We focus on identifying underpriced or underperforming assets where value can be added through targeted management initiatives - whether addressing vacancy, low rents or outdated tenant mixes. Strong tenant relationships are key, and we aim to deliver positive ESG [environmental, social, governance] outcomes alongside value creation on all capital deployed," he said. The joint venture has already identified several near-term investment opportunities to drive further portfolio growth and capital deployment. "The JV has a pipeline of significant value in pan-European light industrial assets. With our first tranche of assets being notarised this week, we are continuing to build our pipeline to facilitate the level of portfolio deployment," Wooler said. Herep is a series of closed-ended, discretionary funds focused on high-conviction, thematic investments in prime European markets. Herep 3, completed its final closing in November 2023 with more than €1.6bn in equity. Burstone sold an 80% stake in its Pan-European Logistics (PEL) platform and formed a strategic partnership with Blackstone in 2024, while retaining a 20% co-investment and continuing to manage the portfolio. The platform spans logistics properties across key Western European markets, including Germany, France and the Netherlands, strengthening Burstone's footprint in Europe's prime logistics sector. Please read its Comment Policy before commenting.