HINES APPOINTS JOHN CARR AS REGIONAL CFO FOR EUROPE

Hines, the global real estate investor, developer and manager has announced that company veteran John Carr has been appointed Chief Financial Officer for Europe, succeeding current CFO David Braaten who will retire.

Carr joined Hines in 1997, becoming Regional Controller for the American West Region. He then moved to Beijing between 2006 and 2011 as his role was broadened to include Hines’ Asia Pacific Region, before returning to the US and continuing to serve both regions up until his appointment to the firm’s European leadership team.

As CFO for Hines Europe, he is responsible for all aspects of finance and accounting across its European platform, which includes investment, development and management of real estate across all product types. As a member of the senior leadership team, he will also play a key role in the firm’s investor and lender relationship management activity.

John succeeds David Braaten, who steps down from the role after 30 years as an integral part of Hines’s senior leadership team both in Europe and globally to begin his well-deserved retirement. Since joining in 1994, David has served in various financial and operational roles in several international cities including New York, Barcelona, London and Luxembourg City.

Commenting on the appointment, Lars Huber, CEO of Hines Europe said: “Hines Europe is a fast-growing platform, truly integrated across the investment, development and management spectrum and well-placed to capitalise on the opportunities we see in the sector over the next economic cycle and beyond. John’s encyclopedic knowledge of Hines and what makes us great, deep real estate sector experience and broad financial background make him the perfect person to help us navigate the next phase in Hines’ growth story here.”

John Carr, CFO of Hines Europe added: “Hines has been active in Europe for more than 30 years and I have watched closely during my own 27 years at the firm – from roles in the US and Asia – as it has grown to become one of the largest and most respected real estate investors on the continent. I am delighted to be stepping into this new challenge here in London at such a pivotal time for Hines and the sector in which we operate.”