Hines, a privately held company that invests in and develops real estate, offered to acquire Lar España, a real estate company, for €1.15bn. The opportunity for HEREP III and Grupo Lar to partner on the acquisition of a highquality asset in Spain, benefiting from both HEREP III’s financial capacity and longstanding track record in Real Estate investment and asset management, specifically in the Spanish real estate market where it has been present and operating since 1996, coupled with Grupo Lar’s more than 50 years of experience in the sector and deep knowledge of the asset.