Hines acquires Eastgate Park in Prague

Hines Global Income Trust Inc. has acquired the 39,000-square-meter (419,792-square-foot) Eastgate Park in the Prague metro area.

Eastgate Park’s premier last-mile location has excellent links to the motorway network, making this project attractive for last-mile logistics, ecommerce and parcel delivery occupiers. The logistics facility, which is 99 percent leased, is the 17th industrial asset in the Hines Global portfolio.

“The Czech Republic is proving to be an important and growing market for industrial tenants,” said Mietek Godzisz, senior managing director in the Hines Prague Office. “We have strong conviction about future growth here. Eastgate Park is a best-in-class business park in one of the Czech Republic’s most robust markets.”