Hine’s Global REIT Portfolio Sells For $626 million

After having only been placed on the market since September, the Hines Global REIT portfolio of four commercial properties across Australia has sold for $626 million. Hines, a privately owned global real estate investment and development firm, is one of the world’s largest real estate investment managers with over $116 billion in assets under management.

The purchasers are Centuria Capital through their property fund, Centuria Metropolitan REIT and the Lederer Group, which was founded by…