The third venture between Hillwood and major sovereign wealth funds will focus on investments in Central and Western Europe
Dallas (October 6, 2014) – Hillwood, a Dallas-based real estate investment and development company owned by Ross Perot, Jr., announces its entrance into the European logistics real estate market. The company’s new division, Hillwood Europe, will make direct and indirect investments in logistics real estate across major markets in Central and Western Europe through acquisitions, developments and joint ventures with other developers.
The partnership is expected to deploy more than €1 billion over the next three to four years. Hillwood has already purchased existing buildings and development sites in Poland.
“Hillwood is very excited to enter the logistics real estate market in Europe. Unlike most investors recently interested in Europe, this is a long-term commitment based on building our business through acquisitions and development. We are comfortable doing this one building at a time,” said Ross Perot, Jr., Chairman of Hillwood.
Hillwood Europe has hired experienced real estate leaders to oversee operations at two new offices in Poland and Germany.
Hubert Michalak, Senior Vice President, will office in Warsaw and will be responsible for building the company’s business in Poland. Prior to joining Hillwood, Michalak was a partner at AIG/Lincoln for 12 years where he was responsible for industrial and logistics projects in Poland. He previously spent four years working for Viterra Development, a large German multi-function real estate company with investments in Poland and Germany.
Based in Frankfurt, Peter Schuijlenburg, Senior Vice President, will lead Hillwood’s business in Germany. Prior to joining Hillwood, Schuijlenburg was SVP Regional Head of Northern Europe for ProLogis and a partner at Palmira Capital Partners where he was responsible for the company’s industrial platform in Germany, Holland, Belgium and Scandinavia.
Hillwood, a Perot company, is one of the world’s premier commercial real estate developers, investors and advisors of high-quality real estate properties that provide a significant economic impact to their region. Today, Hillwood is the second largest owner of land for future development of more than 87 million square feet of logistics space in the U.S. The company is best known for its Alliance brand that includes the 18,000-acre AllianceTexas, 4,474-acre AllianceFlorida at Cecil Commerce Center, and 2,000-acre AllianceCalifornia. For information, visit www.hillwood.com.