US privately owned investor-developer Hines expects to step up its exposure to residential development as a result of a global shift among capital providers to financing housing projects. ‘
'Financiers are exhibiting a greater willingness to provide capital for residential development because this market segment allows financing structures that lower risks,' said Michael Topham, regional CEO in charge of all development and operations in the EMEA region.
The Houston-based group has roughly 1.8 million m2 of space under development across the European continent with offices and residential each representing 40% of the business. Traditionally, the office sector has accounted for 80% of Hines’ development activities but its weight has dropped in the recent past to reflect the changed demand metrics in the market.
'The product type that Hines is going to develop is changing with respect to what it has been historically in Europe,' Topham explains.
The full story appears in the March edition of PropertyEU Magazine. Click on the link below to subscribe. | 
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