Hines, a privately owned global real estate investment firm, and QuadReal, a global real estate investment, operating and development company, are set to form a joint venture. Financial terms were not disclosed. “This joint venture partnership represents a fantastic opportunity for us to deploy our on the ground teams across a range of countries, capitalizing on their local market knowledge to source and execute acquisitions and developments for the account. In recent years we have diversified our portfolio into the living sector in pockets, but this is the first time we have embarked on a consolidated pan-European drive into the sector on a single account with a joint venture partner," Lars Huber, Hines CEO of European Region.