Global Retail Investment

Retail has always been an important part of our DNA.

Our mixed-use developments get their spirit and

energy from the retail component.”

Gerald D. Hines – Founder and Chairman

“

Expertise in Quality Retail Development, Acquisition and Management

Hines has been responsible for the development and acquisition of more than 22 million square

feet of retail space around the world and currently manages 6.8 million square feet in that sector.

The firm’s developed retail projects include the renowned Gallerias in Houston and Dallas, the

largest shopping complex in Catalonia, Spain, and the first international-brand outlet mall in Russia.

Hines also has proven expertise in acquiring upscale malls, lifestyle centers, power centers and

grocery-anchored centers.

An active buyer and owner of retail properties, Hines has also provided third-party property

management and redevelopment/repositioning services to major institutional owners looking to create

value with a reenergized asset.

Between 2012 and 2015, the firm acquired approximately 2.4 million square feet in the U.S., valued

at close to $830 million. Retail initiatives include:

Development (completed or underway) of approximately 16 million square feet of retail space,

including two of the largest and most important mixed-use urban projects in the world:

CityCenterDC in Washington, DC, and Porta Nuova in Milan

Inauguration of the Outlet Village brand in Russia, with additional outlets on the way in Moscow and

St. Petersburg

Acquisition, with HSBC, of a majority interest in a 720,000-square-foot shopping mall in Dublin,

Ireland, in early 2014

Acquisition in 2014 of The Rim in San Antonio—Texas’ largest outdoor retail center

Hines’ commitment to building a strong retail portfolio dates back to the earliest investments of

the firm and includes alliances with the most respected anchor and in-line tenants, including fashion

merchants, home goods purveyors and restaurateurs. With ready capital as well as extensive leasing

and marketing experience across all product categories, Hines continues to seek retail investment and

development opportunities globally.

“

Abercrombie & Fitch at HofstattMunich, Germany

Hines’ investment management strategy includes

significant positions in the retail sector. With our

past history and successful execution, we are

uniquely qualified to evaluate, acquire and add

value to retail assets in all categories in the U.S.

and internationally.”

Kenton McKeehan – Managing Director

Representative List of Retail TenantsA/X Armani Exchange

Abercrombie & Fitch

Adidas

Ann Taylor

Bailey Banks & Biddle

Banana Republic

Bang & Olufsen

BCBG

Bluemercury

Brooks Brothers

Burberry

Cartier

Chanel

Cheesecake Factory

Club Monaco

Coach

Cole Haan

Crate & Barrel

Eileen Fisher

Emporio Armani

Energie

FAO Schwarz

Fendi

Fleming’s

Furla

Gant

Gap

Gap Kids

Gianni Versace

Godiva

Gucci

Guess

J. Crew

Kate Spade New York

Kenneth Cole

Lacoste

Le Creuset

Lord & Taylor

Louis Vuitton

Lululemon Athletica

Macy’s

Marks & Spencer

Max Mara

Michael Kors

Morton’s of Chicago

Neiman Marcus

Nike

Nordstrom

Polo Ralph Lauren

Pottery Barn

Puma

Restoration Hardware

Ruth’s Chris Steak House

Saks Fifth Avenue

Sephora

Starbucks

Stuart Weitzman

Tiffany & Co.

Tommy Hilfiger

Tumi

Villeroy & Boch

Williams-Sonoma

Yves Saint Laurent

Hines Recent Retail Experience

POSTQUARTIERStuttgart, Germany

Redeveloper 101,600 SF

9,442 M2

*CITYCENTERDCWashington, DC

Developer; Owner 295,000 SF27,416 M2

THE MARKETS AT TOWN CENTERJacksonville, FL

Owner 317,400 SF29,488 M2

GALLERIAEdina, MN

Owner; Property Manager

380,600 SF35,371 M2

METROPOLISMoscow, Russia

Owner 2,200,000 SF204,460 M2

OUTLET VILLAGEBELAYA DACHA IMoscow, Russia

Developer; Owner; Property Manager

251,600 SF23,374 M2

HOFSTATTMunich, Germany

Development Manager;Asset Manager

198,100 SF18,410 M2

*PLAZA DE CANALEJASMadrid, SpainDevelopment

Consultant 172,200 SF16,003 M2

THE AVENUE MURFREESBOROMurfreesboro, TN

Owner 747,500 SF69,442 M2

2012906,000 SF84,170 M2

20133,463,000 SF321,723 M2

20144,936,100 SF458,578 M2

*KIEVSKY MALLMoscow, Russia

Developer 1,884,000 SF175,024 M2

*OUTLET VILLAGE KIEVSKY

Moscow, RussiaDeveloper; Owner

320,000 SF29,728 M2

*OUTLET VILLAGE PULKOVO

St. Petersburg, RussiaDeveloper 235,000 SF21,832 M2

*PORTA NUOVAMilan, Italy

Developer; Owner 484,000 SF44,965 M2

*OUTLET VILLAGEBELAYA DACHA II & III

Moscow, RussiaDeveloper; Owner

134,700 SF12,514 M2

LIFFEY VALLEYDublin, Ireland

Owner787,000 SF67,416 M2

THE RIMSan Antonio, TX

Owner; Property Manager

796,400 SF73,990 M2

Grand Total9,305,100 SF

864,472 M2

*Projects Under Way as of Q1 2014

USA & World Headquarters

Williams Tower 2800 Post Oak BoulevardSuite 4800 Houston, TX 77056 USA 713-621-8000

Regional Contacts

WEST REGION–US Including Asia Pacific James C. Buie Senior Managing Director/CEO San Francisco, CA 415-982-6200 James.Buie@hines.com

MIDWEST REGION–US Including Canada & South America C. Kevin Shannahan Senior Managing Director/CEO Chicago, IL 312-419-4900Kevin.Shannahan@hines.com

SOUTHWEST REGION–US Including Mexico & Panama Mark A. Cover Senior Managing Director/CEO Houston, TX 713-237-5600 Mark.Cover@hines.com

SOUTHEAST REGION–USIncluding The CaribbeanC. Kevin Shannahan Senior Managing Director/CEOAtlanta, GA770-206-5300Kevin.Shannahan@hines.com

European Headquarters

5 Welbeck StreetLondon, W1G 9YQ, UK44-20-7292-1900

EAST REGION–US Christopher D. Hughes Senior Managing Director/CEO New York, NY212-230-2300Chris.Hughes@hines.com

EUROPEAN REGION Including Middle East/North Africa Michael J. G. Topham Senior Managing Director/CEO London, UK 44-20-7292-1900 Michael.Topham@hines.com

EURASIA REGION S. Lee Timmins Senior Managing Director/Co-CEOMoscow, Russia7-495-785-0500Lee.Timmins@hines.com

RETAIL INVESTMENTS Kenton H. McKeehanManaging Director, Retail InvestmentsHouston, TX713-966-2022 Kenton.McKeehan@hines.com

www.hines.com

as of 06/30/15

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Cert no. XXX-XXX-000