Paris, FRANCE – Hines, the international real estate firm, announced today that it has appointed Xavier Musseau as its new Executive Senior Managing Director and Co-Country Head of France, where he will be responsible for all the firm’s in-country activities: Investment – Acquisitions and Asset Management – and Property Development, in all sectors of real estate.
Xavier Musseau will closely work with Patrick Albrand, who will continue to act as President and Co-Head of Hines France until year-end 2020.
After joining Hines France in 2000 as Director of Financing and Acquisitions, Xavier Musseau has successfully held several positions. He created the Investment Management department of Hines France in 2007 and implemented the Acquisition & Asset Management team in 2013, where he has overseen the acquisition of around €3.5 billion of real estate assets in the Paris region on behalf of international investors. Xavier Musseau is also the CEO of Hines SGP – Hines’ management company licensed by French Financial Markets Authorities AMF in 2018.
“Hines France has been one of our most successful platforms in Europe under the leadership of Patrick Albrand. We are extremely pleased to be able to announce Xavier Musseau joining Patrick in the leadership of our operations in France, gradually implementing the succession plan in this country. In tandem Patrick and Xavier will be critical for our further growth and success in France, with Xavier taking on sole leadership from 2021 onwards,” says Hines’ European region CEO Lars Huber.
“Xavier and I have been working together for almost 19 years. I am delighted with his appointment, and very happy to keep working with him until end 2020, when I will be leaving my current position with the company. This transition time will provide the best conditions for his assumption of duty,” says Patrick Albrand.
“I am very excited about this appointment, and I warmly thank Hines’ management for their trust. Hines’ new orientations will make the upcoming years so rewarding and engaging, and our unique model combining both development and investment skills will for sure enhance Hines France’s fast-growing path,” says Xavier Musseau.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 214 cities in 24 countries. Hines has approximately $120.6 billion of assets under management, including $66.5 billion for which Hines provides fiduciary investment management services, and $54.1 billion for which Hines provides third-party property-level services. The firm has 128 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,348 properties, totaling over 41 million square meters. The firm’s current property and asset management portfolio includes 512 properties, representing over 20 million square meters. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.