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  • PRESS RELEASE

    European "property Oscar®" award competition refocuses on Sustainable Real Estate Investment, and features chapter by Robinson in competition's documentary book


    GERMANY, Munich--April 2009--Since 2001, The Prime Property Award by Union Investment has gained a reputation as Europe's property Oscar® by recognizing exemplary real estate projects and teams. In 2008, the competition focused for the first time on property investments that make an important contribution to the quality of the urban environment by virtue of their sustainability, e.g. with regard to the ecological impact, and by improving and enriching their surroundings.

    The 2008 competition succeeded by inspiring over 90 teams of real estate investors and owners who implemented or completed:

    • in the period 2000-2007
    • an urban real estate project (new build, existing use redevelopment or refurbishment) in Europe
    • with a rental area of at least 10,000 square metres.

    (Click here for the competition's complete requirements.)

    Every year, Union Investment shares the learning from the event as well as insights from other global leaders by publishing a documentary book. This year's book showcased Europe's best green buildings and featured sustainability experts, including Momentum Bay's founder Mark Alan Robinson, who consulted as Hines' first Sustainability Manager.

    Robinson's chapter explains Hines' game-changing, sustainable model for breaking real estate's "vicious circle of blame."

    >>  To read the chapter Breaking the "Vicious Circle of Blame", click here.




    About The Prime Property Award

    The Prime Property Award by Union Investment is Europe's premier real estate competition recognizing exemplary real estate projects since 2001.


    About Union Investment Real Estate AG

    Union Investment Real Estate AG is one of Europe's leading property investment management companies. The firm combines over 40 years of asset management expertise with the capital market experience of the dynamic Union Investment Group. As one of the sectors biggest players, the firm currently has assets under management in Europe, the Americas, and Asia of over 14.0 billion euros.

    Union Investment's portfolios comprise some 160 prime properties in outstanding locations in the world's major cities - as the calling cards of the firm's tenants in 22 countries worldwide, the properties provide a platform for business success.


    About Hines

    Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes more than 1,100 properties representing approximately 457 million square feet (42.5 million square meters) of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in more than 100 cities in 16 countries, and controlled assets valued at approximately $25.6 billion, Hines is one of the largest sustainable real estate organizations in the world.

    About Momentum Bay

    Momentum Bay Associates LP is a comprehensive green management consulting firm headquartered in Houston, Texas. The firm's services bring together two disciplines: management consulting (e.g., turnaround management, corporate renewal, and strategic growth consulting) and sustainability consulting (including green business, green building, energy efficiency, renewable energy, etc.). In 2008, Momentum Bay's founder Mark Robinson served as Hines' first Sustainability Manager, helped Hines articulate the portfolio's economic and ecological impact alongside the firm's many sustainable real estate legends.

    >> To learn more about Momentum Bay's sustainability and strategy consulting services and interim executive services, please visit www.greenmanagementconsulting.com .

    Press Contacts:

    Hines
    George C. Lancaster, Senior Vice President, Corporate Communications
    Kim Jagger, Director, Corporate Communications
    Tel: (713) 621-8000
    Fax: (713) 966-7886

    Momentum Bay Associates, LP
    Email: press@momentumbay.com
    Tel: (281) 451-3841
    Toll-free: 877-ECO-TEXAS (877-326-8392)
    Fax: (832) 553-7800