Hines acquires 5 logistics assets across Europe

Hines has acquired five logistics assets across three separate transactions from different vendors throughout the United Kingdom, Spain and The Netherlands. Financial terms were not disclosed.

Most of the assets are in The Netherlands, situated adjacent to Schiphol Airport. The Spanish asset is five minutes from Terminal 2 at Aeropuerto Josep Tarradellas Barcelona-El Prat and the U.K. asset is in Warrington in an urban location.

All the assets benefit from superior transport links and are leased with a weighted average unexpired lease term of approximately 7.5 years.

“These acquisitions reflect our value and income-focused logistics aggregation strategy to carefully pinpoint well located assets within Europe’s most dynamic regions at attractive prices, particularly in the context of the current market environment,” said Jorge Duarte, fund manager of HEPP at Hines. “We remain focused on acquiring attractively priced income producing assets throughout Euro