Hines, together with Mitsubishi Estate Co., Ltd., through its Singapore-based investment vehicle One MEA Holdings Pte. Ltd., and MBK Real Estate Asia (MREA), which is a wholly owned subsidiary of Mitsui & Co., Ltd., jointly announced the acquisition of a prime, strategically located logistics asset at 15 Senoko Loop in Singapore.
This completed sale-and-leaseback transaction is Hines’ second industrial deal in the country, further driving its growth momentum in the region. The Hines team in Singapore closed the deal with Mitsubishi Estate and MREA in late June 2024, with Sumitomo Mitsui Banking Corporation Singapore Branch as the financing partner for Hines. This transaction is Hines’ first joint venture with Japanese institutional partners in the country.
“With the growing strength of our industrial portfolio in Singapore, together with the sector’s demand-and-supply dynamics, we’re optimistic and eager to capture more opportunities in the market,” sai
