{"id":1004105735,"date":"2014-10-16T06:22:59","date_gmt":"2014-10-16T14:22:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004105735"},"modified":"2020-05-21T01:29:56","modified_gmt":"2020-05-21T09:29:56","slug":"hillwood-expands-into-canada-europe","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hillwood-expands-into-canada-europe\/","title":{"rendered":"Hillwood Expands into Canada, Europe"},"content":{"rendered":"<p><i>By Adriana Pop, Associate Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Alliance-California-Southgate-Central-Park.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004105737\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hillwood-expands-into-canada-europe\/alliance-california-southgate-central-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Alliance-California-Southgate-Central-Park.jpg\" data-orig-size=\"424,300\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1156002322&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Alliance California Southgate Central Park\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Alliance-California-Southgate-Central-Park.jpg?w=424\" class=\"alignright size-medium wp-image-1004105737\" alt=\"Alliance California Southgate Central Park\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Alliance-California-Southgate-Central-Park.jpg\" width=\"300\" height=\"212\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Alliance-California-Southgate-Central-Park.jpg 424w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Alliance-California-Southgate-Central-Park.jpg?resize=300,212 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a> Hillwood, a Dallas-based Perot property company, is entering the Canadian real estate market, with plans to build the largest speculative industrial development in Alberta.<\/p>\n<p>The company has partnered with local land developer Highfield Investment Group (HIG) to construct the massive 500,000-square-foot facility, which will be located within the High Plains Industrial Park near Calgary.<\/p>\n<p>\u201cWe chose this market for a substantial long-term investment based on our view that Calgary is the distribution hub for western Canada with growth potential,\u201d said Ross Perot, Jr., chairman of Hillwood and son of the former presidential candidate and well-known American businessman. \u201cHillwood looks forward to partnering with a strong development company like HIG to deliver a high-quality industrial space for top tenants across the region.\u201d<\/p>\n<p>According to Adrian Munro, chief executive of HIG, the area\u2019s proximity to infrastructure is one of the main advantages of the High Plains Industrial Park, which is already home to a 1.3-million-square-foot Target facility and will soon host a 290,000-square-foot Gordon Food Service building, currently under construction.<\/p>\n<p>Furthermore, when compared with the City of Calgary, Rocky View County provides a tax advantage for companies, which translates into annual savings of approximately $1.00 per square foot.<\/p>\n<p>\u201cWhen we set out with High Plains a few years ago, our vision was to create a niche product &#8211; a product that would fill price point to marketplace. We set out to keep our prices below $500,000 per acre to the end-user and as a result we\u2019ve seen significant traffic because of the price point to market,\u201d Munro told the <a href=\"https:\/\/www.calgaryherald.com\/business\/American+developer+building+square+foot+distribution+centre+Balzac+area\/10273035\/story.html\" rel=\"nofollow\"><i>Calgary Herald<\/i><\/a>.<\/p>\n<p>The Calgary office of Colliers International is the listing agent for large-scale transactions at High Plains, including the Hillwood project.<\/p>\n<p>In a separate announcement, Hillwood also unveiled its plans to enter the European logistics real estate market with \u20ac1 billion worth of investments over the next three to four years.<\/p>\n<p>The company\u2019s 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.<\/p>\n<p>\u201cHillwood 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,\u201d added Perot.<\/p>\n<p>Hillwood Europe\u2019s new offices are located in Warsaw, Poland and Frankfurt, Germany.<\/p>\n<p>Hubert Michalak, senior vice president, will lead the company\u2019s business in Poland, while Peter Schuijlenburg, senior vice president will handle Hillwood\u2019s operations in Germany.<\/p>\n<p>Hillwood is one of the world\u2019s premier commercial real estate developers, investors and advisors of high-quality real estate properties that provide a significant economic impact to their region. The company is also the second largest owner of land for future development of more than 87 million square feet of logistics space in the U.S. It 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 (<i>pictured<\/i>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hillwood is entering the Canadian real estate market, with plans to build the largest speculative industrial development in Alberta. The company also unveiled plans to enter the European logistics real estate market, with $1.3 billion worth of investments over the next three to four years.<\/p>\n","protected":false},"author":260,"featured_media":1004105737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,21742],"tags":[],"class_list":["post-1004105735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hillwood Expands into Canada, Europe - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hillwood-expands-into-canada-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hillwood Expands into Canada, Europe\" \/>\n<meta property=\"og:description\" content=\"Hillwood is entering the Canadian real estate market, with plans to build the largest speculative industrial development in Alberta. The company also unveiled plans to enter the European logistics real estate market, with $1.3 billion worth of investments over the next three to four years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hillwood-expands-into-canada-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-16T14:22:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-21T09:29:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Alliance-California-Southgate-Central-Park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"424\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hillwood-expands-into-canada-europe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hillwood-expands-into-canada-europe\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Hillwood Expands into Canada, Europe\",\"datePublished\":\"2014-10-16T14:22:59+00:00\",\"dateModified\":\"2020-05-21T09:29:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hillwood-expands-into-canada-europe\\\/\"},\"wordCount\":515,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hillwood-expands-into-canada-europe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Alliance-California-Southgate-Central-Park.jpg\",\"articleSection\":[\"Development\",\"Industrial\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hillwood-expands-into-canada-europe\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hillwood-expands-into-canada-europe\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hillwood-expands-into-canada-europe\\\/\",\"name\":\"Hillwood Expands into Canada, Europe - 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