Hines is launching Hines Squared, a co-working and flexible office space business, making it one of the largest landlords to enter the sector. The Houston-based company is partnering with c0-workspace providers Industrious and Convene. They will operate properties for the real estate firm, which overseas $121bn in assets. “Co-living has been around since the early days of Airbnb The first two locations, which are expected to open by the end of this year, will be located at 717 Texas in Houston and The Kearns Building in Salt Lake City.
Hines is launching Hines Squared, a co-working and flexible office space business, making it one of the largest landlords to enter the sector. The Houston-based company is partnering with c0-workspace providers Industrious and Convene. They will operate properties for the real estate firm, which overseas $121bn in assets. Industrious, which counts Hines among its investors, has existing partnerships with landlords including Blackstone’s EQ Office, Jamestown LP, and Macerich, while Brookfield Property Partners and RXR Realty are investors in Convene and have added the firm to their tenant rosters in buildings that they own. The first two locations, which are expected to open by the end of this year, will be located at 717 Texas in Houston and The Kearns Building in Salt Lake City.