ADNP and Hines Team Up to Provide Commercial Property Management

Alliance to Target Assets in MENA Region
ABU DHABI, United Arab Emirates--(Business Wire)--
Abu Dhabi National Property Company PJSC (ADNP), the real estate arm and
subsidiary of the National Bank of Abu Dhabi (NBAD), along with the Abu Dhabi
office of Hines, the international real estate firm, announced at the recent Abu
Dhabi Investment Forum in London, the formation of a strategic alliance to
become the UAE`s premier commercial and mixed-use property manager for select
real estate projects in the Middle East.

ADNP/Hines will bring a world-class property management standard to the region,
initially targeting commercial real estate in Abu Dhabi and Dubai to meet the
high demand for professional property management in the UAE and other GCC
countries. The alliance will deliver a full range of value-creating property
management services at the strategic, tactical and operational levels to
institutional owners, high-net-worth individuals and banks involved in real
estate.

ADNP is one of the primary real estate property management companies in Abu
Dhabi, with a current portfolio of over 8,000 units under management. In
addition to providing first-class property management services, ADNP undertakes
extensive in-house and external real estate valuation and advisory services.

Hines has managed investment-grade properties for more than half a century and
currently is responsible for more than 11,000,000 square meters of property
around the world.

"ADNP is very keen on working in partnership with the best-in-class, and in this
regard we are delighted to have Hines, a prestigious name in property
management, as a partner in this new initiative," said ADNP General Manager
Graham Hallett. "The combination of ADNP`s extensive local market expertise and
Hines` execution and operating track record will undoubtedly result in superior
asset performance. Institutional owners are looking for ways to mitigate risk
while adding value to their assets, and we intend to provide a menu of effective
solutions," he added.

"The guiding principles of our platform are quality, integrity and
sustainability. We want to be the best-in-class `one stop shop` for real estate
owners. Better management results in higher tenant satisfaction which directly
affects occupancy and long-term asset value," said Jurgen Herre, managing
director of Hines` MENA Region. "We are proud that we can provide our experience
and international track record to the urban fabric and economy of Abu Dhabi, and
can contribute to transforming the 2030 plan into reality," he added.

ADNP/Hines will soon officially announce their first engagement.

Hines
Senior Vice President
George Lancaster, 713-966-7676
George.Lancaster@Hines.com
or
National Bank of Abu Dhabi
Media & PR Manager
Ehab Khairi, +971-2-6111190 or +971-50-8126799
ehab.khairi@nbad.com

Copyright Business Wire 2009