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The competition, which began in 2003 in North America and expanded to Europe in 2020, is the brainchild of legendary developer Gerald D. Hines, where interdisciplinary teams of graduate students from across the Asia Pacific region will devise development projects for an actual site in a major city. Applications are now open, and the deadline for registration is 16 December 2022.
The annual team competition will test students’ skills in applying their knowledge of all aspects of real estate and land use in a practical and challenging exercise, with the top three finalists receiving a one-year ULI student membership. The winning team will also receive a fully paid trip to the 2023 ULI Asia Pacific Summit in Singapore held from 30 May to 1 June 2023, where they will present their winning proposal.
“This contest encapsulates what our founder Gerald D. Hines stood for as he was a true advocate and pioneer for innovation, education, and opportunities for the future leaders of our industry and so we are delighted to be part of this global collaboration that inspires young people to create better communities,” said Ray Lawler, chief executive officer for Hines in Asia Pacific. “Programmes like this will have a real and tangible impact in supporting the next generation of creators and leaders. We are excited to see what the future holds for the Asia Pacific region.”
Following its success in the Americas and EMEA regions, the competition in Asia Pacific aims to raise interest in the key aspects of urban development and redevelopment among younger generations to help foster the creation of better communities. This inaugural initiative is part of an ongoing ULI effort to increase awareness of the need for multidisciplinary solutions to development and design challenges.
“We are delighted that Hines has continued their partnership with us on the expansion of our competition aimed at helping to nurture graduate students across the Asia Pacific region,” said David Faulkner, president, ULI Asia Pacific. “The competition acts as a springboard for students to take what they have learned in the classroom and apply it in a real workplace environment, while also allowing industry mentors to hear new ideas and to see the future of real estate from the next generation of real estate leaders,” he added.
Since 2003, more than 10,715 students grouped in over 2,143 teams have participated in the competitions held in the Americas and Europe from universities such as Harvard University, York University, University of Toronto, the University of Texas at Austin; London Business School, INSEAD, IE University, LSE/UCL/Oxford Brookes and the University of Glasgow. More than 1,000 real estate and design professionals have served as advisers to these teams.
Details on how to apply for the 2023 ULI Hines Student Competition Asia Pacific are available at https://asia.uli.org/uli-hines-student-competition-asia-pacific/.
NOTE TO REPORTERS AND EDITORS:
About Hines
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 28 countries. We manage a $90.3B1 portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 669 properties totaling 230 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
1Includes both the global Hines organization as well as RIA AUM as of December 31, 2021.
About the Urban Land Institute
The Urban Land Institute is a non-profit education and research institute supported by its members. Its mission is to shape the future of the built environment for transformative impact in communities worldwide. Established in 1936, the institute has more than 45,000 members worldwide representing all aspects of land use and development disciplines. For more information on ULI, please visit uli.org, or follow us on Twitter, Facebook, LinkedIn, and Instagram.
ULI has more than 2,600 members in the Asia Pacific region. For more information on ULI Asia Pacific, visit asia.uli.org or follow us on Facebook, Instagram, LinkedIn and Twitter.
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Contacts
ULI Media Enquiries: media@uli.org / crystal.lo@uli.org| +852 9513 5106
Hines Media Enquiries: nicholas.worley@hines.com | +852 9080 4669
Source: The Urban Land Institute
Reporter: PR Wire
Editor: PR Wire
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