The transactions mark Hines’ strong conviction in the logistics sector focused on quality assets in established distribution nodes throughout the UK and Europe.
HECF acquired 13,285 square metres of best-in-class space in London located on freehold land just across the cargo gate at Heathrow airport. For HECF, this investment consolidates its ownership at a infrastructure critical location which is set to service a total of c.53 million passengers in 2022.
Meanwhile, HEPP, Hines’ European flagship core-plus fund vehicle, acquired an off-market, fully occupied four asset portfolio, its first UK acquisition, which spans 42,734 square metres, located across Yorkshire – Normanton, Doncaster, and Sheffield. Each location is essential to the respective occupier and is supported by excellent connectivity and transportation access with several of the assets primed for additional value-add ESG initiatives.
This year, Hines has completed €797 million of logistics deals across the Czech Republic, France, Germany, Italy, Poland, The Netherlands and The UK increasing its logistics AUM in Europe to €3.0 billion2. As a result, Hines has built a successful logistics investment and development business across Europe.
