Hines has completed the acquisition of Junction 27, a large format retail park in Birstall, England, near the city of Leeds, on behalf of Hines Global Income Trust (HGIT).
This acquisition expands HGIT’s presence in a high-performing trade area and further diversifies its $4.5 billion portfolio.
The addition of Junction 27, purchased from Tritax Big Box REIT, marks HGIT’s entry into the U.K. retail market, highlighting its commitment to diversification by geography and real estate sectors while focusing on stable assets with strong long-term income and growth potential.
The asset is a well-configured, 100 percent leased retail park composed of 13 suites over 131,000 square feet of net rentable space. Its key position in the Birstall cluster, one of the United Kingdom’s premier retail districts along the M62 motorway, benefits from connectivity to the major populations of both Leeds and Bradford. Supported by strong demographics and an IKEA shadow anchor,
