HINES ANNOUNCES NEW LEADERSHIP TEAM FOR POLAND

Hines, the real estate investor, developer and manager has announced a new leadership team for Poland, promoting two company veterans to lead its operations there.

Marcin Wielgus, previously Finance Director and Head of Transactions, will take up the role of Chief Operating Officer and President of the Management Board while Kamil Nurek, previously Director of Project Management will assume the role of Director of Development and Asset Management and Vice-President of the Management Board.

Both will report directly to Lee Timmins, Senior Managing Director and Head of Hines Eurasia, who commented on the appointments: “As two long-time veterans of Hines, I am very pleased to have Marcin and Kamil step up to take these leadership roles for us in Poland. Hines has been established in Poland for 27 years. In that time it has grown to become an integral part of our global operations. We have plans to grow our presence in the market and I know that Marcin and Kamil and the broader Hines Poland team share our ambitious vision for the future.”

Hines currently has 57 employees in Poland and approximately $1 billion in assets under development and management in the market. The firm has completed residential, industrial, and office projects such as the Norman Foster-designed Metropolitan in Warsaw, the Proximo complex partnered with Rolff Judd and the Pininfarina studio, as well as residential complexes in Krakow. Currently, Hines has several ongoing residential and office projects in both Warsaw and Krakow as well as a large logistics portfolio across the country. Securing multiple logistics sites totalling approximately 1,787,893 sqm of land in the pre-development stage demonstrates Hines’ long-lasting commitment and ongoing presence in Poland.

As part of the change, Wojciech Rumian, former Country Head and President of the Management Board, and Przemysław Iznerowicz, former Vice-President of the Management Board have mutually agreed that they will leave Hines. Both depart as friends of the firm and will remain for an extended period to ensure a smooth transition to the new leadership team.

Lee Timmins said: “We would like to thank both Wojciech and Przemysław for their contribution to the growth and success of Hines in Poland over their time with the firm and wish them all the best for their future careers.”