Hines begins new €400m logistics investment strategy in Germany

Hines is moving ahead with its new investment strategy in the German logistics sector. The company has acquired two development sites in Hamm, Germany. A purchase price was not disclosed.

“We want to continue developing logistics properties through innovations. To achieve that goal, we are currently exploring alternative timber-based modular construction methods as well as customized furnishings and facilities. For example, we plan to further upgrade the properties by providing sleeping quarters for drivers or fitness/sports facilities for all employees,” said Alexander Möll, senior managing director at Hines.

The firm has made off-market purchases of two plots of land with a total area of 115,400 square meters (1.2 million square feet) in Hamm in the state of North Rhine-Westphalia. It plans to build facilities with flexible floor plans, with a total of up to 68,900 square meters (741,633 square feet) of hall and office space and unit sizes starting at 9,000 squa