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Hines Acquires Property Management Firm, Helix

Hines Acquires Property Management Firm, Helix
28 September 2021
 

Hines, the international real estate firm, will take over Helix’s team of 60 property management professionals.

Operating from its offices in the West End of London, Helix will become part of the wider Hines business, continuing to service its client base, alongside Hines’ owned assets.

Led by Amy Soar, the Helix board and senior management team will remain in place, with Hines Director Ivan Harrison transferring to Helix to assume the role of UK Head of Operations, to facilitate the integration of the two companies.

Helix’s owner Robin Fell, who founded the business 25 years ago, will be retiring from Helix upon completion of the deal.

The two companies have worked together over the past decade, with Helix providing property management services across the majority of properties in the Hines UK portfolio including 20 Old Bailey, 7 Soho Square and Atlas House in London. Helix also manages other well-known assets such as The Ark, 6 Bevis Marks, and One Westferry Circus.

The completion of the acquisition is subject to FCA approval.

 

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Full Service Offering Including M&E, FM and Building Maintenance

 

The deal is intended to allow Hines to offer a full end-to-end service spanning construction procurement, mechanical & technical engineering, facilities management, building maintenance, energy performance monitoring, asset and risk management.

In addition to its UK growth plan with the acquisition of Helix and ongoing living operations platform including student accommodation brand, aparto, Hines is also delivering a growth strategy across its European network,  recruiting to secure top management services and operational talent to aid the platform’s growth.

Lars Huber, CEO for Europe at Hines, said: “This important acquisition represents the springboard for the launch of our Management Services and Operations platform across Europe. Delivering the very best workplace and living experience for our customers has always been our philosophy, but as a new age of technology-driven, well-being and ESG focused real estate dawns, we’re excited to be recalibrating and expanding our offering.”

Amy Soar, CEO, Helix, added: “Becoming part of the Hines family, one of the biggest and most respected names in global real estate, represents a positive and exciting new chapter for our business. The move represents a great fit for Helix and our clients as we can offer a more holistic approach, with the opportunity to access a wider range of services, skills, knowledge and expertise from a global leader. We are looking forward to exciting and successful times ahead.”

Picture: a photograph of Amy Soar and Ross Blair (Senior Managing Director and Country Head of Hines UK)

Article written by Ella Tansley | Published 28 September 2021

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