Post by account_disabled on Mar 16, 2024 0:49:05 GMT -6
Hines has purchased five logistics assets in three purchase transactions from different sellers in Spain, the Netherlands and the United Kingdom through its core-plus fund, Hines European Property Partners (HEPP). The property in Spain is located near Terminal 2 of the Josep Tarradellas Barcelona-El Prat Airport. Most of the Dutch assets are located next to Schipol airport, and in the case of the UK asset, this is located in Warrington, an urban area between Liverpool and Manchester.
The five assets, acquired at an attractive capital value Phone Lead and with a significant discount on the replacement cost, are quality projects, and adapted to the needs of their present and future tenants. All of them are 100% rented, with an average lease term of 7.5 years.
Last year Hines closed operations in the logistics sector worth approximately 1.4 billion euros throughout Europe. In addition, Hines is currently developing around 744,000 square meters of logistics surface in assets in different countries in Europe, including the Czech Republic, France, Germany, Italy, Poland, Holland, Spain and the United Kingdom, which implies an increase in its portfolio of logistics assets under management and under development on the European continent to exceed €3.2 billion1.
Jorge Duarte, HEPP fund manager at Hines, commented: "These acquisitions reflect our interest in focusing our investment strategy on adding well-located logistics assets in the most dynamic areas of Europe, at competitive prices, especially in the context of the current market. "We remain focused on the acquisition of logistics assets throughout Europe to which we can add value during the investment time through proactive management and an ESG approach.
Regarding the average amount of new mortgage loans for home acquisition, the evolution continued to be uneven at the regional level: it grew in seven Autonomous Communities and decreased in the remaining 10. The increases in Aragon (12.7%), Galicia (12.2%) and Extremadura (12.1%) and the declines in La Rioja (-29.5%) and the Balearic Islands (-23.2%) stood out.
The five assets, acquired at an attractive capital value Phone Lead and with a significant discount on the replacement cost, are quality projects, and adapted to the needs of their present and future tenants. All of them are 100% rented, with an average lease term of 7.5 years.
Last year Hines closed operations in the logistics sector worth approximately 1.4 billion euros throughout Europe. In addition, Hines is currently developing around 744,000 square meters of logistics surface in assets in different countries in Europe, including the Czech Republic, France, Germany, Italy, Poland, Holland, Spain and the United Kingdom, which implies an increase in its portfolio of logistics assets under management and under development on the European continent to exceed €3.2 billion1.
Jorge Duarte, HEPP fund manager at Hines, commented: "These acquisitions reflect our interest in focusing our investment strategy on adding well-located logistics assets in the most dynamic areas of Europe, at competitive prices, especially in the context of the current market. "We remain focused on the acquisition of logistics assets throughout Europe to which we can add value during the investment time through proactive management and an ESG approach.
Regarding the average amount of new mortgage loans for home acquisition, the evolution continued to be uneven at the regional level: it grew in seven Autonomous Communities and decreased in the remaining 10. The increases in Aragon (12.7%), Galicia (12.2%) and Extremadura (12.1%) and the declines in La Rioja (-29.5%) and the Balearic Islands (-23.2%) stood out.