Hines announced the acquisition of the Onyx portfolio in France on behalf of the HEPP (Hines European Property Partners) fund from SEGRO, on behalf of SELP (SEGRO European Logistics Partnership). The assets, representing 130,000 square meters (1.4 million square feet), offer real potential for value creation and are all located in major French logistics transport hubs.
The assets are located at strategic points on the French main freight line: four in the Île-de-France region within the leading logistics hub of Saint-Ouen-l'Aumône and a fifth at Oignies, southwest of Lille, in the Hauts-de-France region. These platforms are leased in their entirety to eight first-class logistics providers.
HEPP intends to modernize the sites within five years to bring them up to high technical standards and meet industry-standard ESG criteria, particularly in terms of operational decarbonization. The aim is to obtain BREEAM In-Use Excellent certification for the entire portfolio.
