NEWS

Hines Global Income Trust Acquires Airbus Defence and Space, S.A.U. Office and Industrial Complex in Madrid

June 22, 2020

c. The deal represents Hines Global Income Trust’s first investment in Spain

Madrid, 22 June 2020 – Hines, the inter­na­tion­al real estate firm, is pleased to announce that Hines Glob­al Income Trust (“Hines Glob­al”) has acquired an office-indus­tri­al com­plex in Madrid through a sale-lease­back trans­ac­tion with Air­bus Defence and Space, S.A.U. Hines Glob­al acquired the com­plex for €29.2m.

The 43,387-square-meter facil­i­ty is locat­ed in the Corre­dor del Henares sub­mar­ket fac­ing the A2 Motor­way, only a five-minute dri­ve from Madrid’s air­port and 20 min­utes from Madrid’s city cen­tre. The com­plex is ful­ly let with a six-year term to Air­bus Defence and Space S.A.U. and is com­prised of six office and indus­tri­al build­ings plus two secu­ri­ty access points. The facil­i­ty has the poten­tial to be rede­vel­oped into a best-in-class last-mile logis­tics facil­i­ty due to its strate­gic loca­tion close to the Madrid Air­port and the abil­i­ty to reach the major­i­ty of Madrid’s pop­u­la­tion with­in 45 minutes. 

Omar Thowfeek, Hines man­ag­ing direc­tor-fund man­age­ment, said: Hines has over 25 years of expe­ri­ence invest­ing in Spain, and we are excit­ed about acquir­ing this invest­ment, which pro­vides us access to a prime loca­tion in Madrid with upside poten­tial. Hines Glob­al con­tin­ues to be a believ­er in the long-term growth prospects of last-mile logis­tics in major Euro­pean cities, and this oppor­tu­ni­ty is in-line with advanc­ing our strategy.”

Vanes­sa Gela­do, senior man­ag­ing direc­tor and Hines Spain coun­try head, said: This asset’s loca­tion fac­ing the A2 motor­way and only five min­utes from the Bara­jas Adol­fo Suarez airport’s freight ter­mi­nal rep­re­sents one of the best loca­tions in Madrid for an asset of this class. Also, com­plet­ing this acqui­si­tion in such a dif­fi­cult time shows the con­tin­ued com­mit­ment from Hines to the Span­ish mar­ket.” Hines Glob­al was rep­re­sent­ed by DLA and Knight Frank, while BNP Paribas rep­re­sent­ed Air­bus Defence and Space, S.A.U. in the transaction.

About Hines Global

Hines Glob­al is a pub­lic, non-list­ed real estate invest­ment trust spon­sored by Hines. It com­menced oper­a­tions in 2014 and invests in com­mer­cial real estate invest­ments locat­ed in the Unit­ed States and inter­na­tion­al­ly. For addi­tion­al infor­ma­tion about Hines Glob­al, vis­it www​.hinesse​cu​ri​ties​.com/​c​u​r​r​e​n​t​-​o​f​f​e​r​i​n​g​s​/hgit.

About Hines

Hines is a pri­vate­ly owned glob­al real estate invest­ment firm found­ed in 1957 with a pres­ence in 205 cities in 24 coun­tries. Hines has approx­i­mate­ly $133.3 bil­lion of assets under man­age­ment, includ­ing $71 bil­lion for which Hines serves as invest­ment man­ag­er, includ­ing non-real estate assets, and $62.3 bil­lion for which Hines pro­vides third-par­ty prop­er­ty-lev­el ser­vices. The firm has 165 devel­op­ments cur­rent­ly under­way around the world. His­tor­i­cal­ly, Hines has devel­oped, rede­vel­oped or acquired 1,393 prop­er­ties, total­ing over 459 mil­lion square feet. The firm’s cur­rent prop­er­ty and asset man­age­ment port­fo­lio includes 539 prop­er­ties, rep­re­sent­ing over 232 mil­lion square feet. With exten­sive expe­ri­ence in invest­ments across the risk spec­trum and all prop­er­ty types, and a pio­neer­ing com­mit­ment to sus­tain­abil­i­ty, Hines is one of the largest and most-respect­ed real estate orga­ni­za­tions in the world.

Since enter­ing Europe in 1991, Hines has grown its Euro­pean plat­form to include offices in 16 cities as well as a pres­ence in 47 cities in 12 coun­tries, with €18.2 bil­lion of assets under man­age­ment in Den­mark, Fin­land, France, Ger­many, Greece, Ire­land, Italy, Nether­lands, Poland, Spain and the Unit­ed King­dom. Vis­it www​.hines​.com for more information.

For­ward-Look­ing Statements

State­ments in this press release, includ­ing inten­tions, beliefs, expec­ta­tions or pro­jec­tions relat­ing to the acqui­si­tion described here­in, are for­ward-look­ing state­ments with­in the mean­ing of Sec­tion 27A of the Secu­ri­ties Act of 1933, as amend­ed, and Sec­tion 21E of the Secu­ri­ties Exchange Act of 1934, as amend­ed. Such state­ments are based on cur­rent expec­ta­tions and assump­tions with respect to, among oth­er things, the long-term poten­tial of the facil­i­ty, future ben­e­fits to be real­ized with respect to Hines Global’s last mile logis­tics strat­e­gy in Europe, future eco­nom­ic, com­pet­i­tive and mar­ket con­di­tions and future busi­ness deci­sions that may prove to be incor­rect or inac­cu­rate. Impor­tant fac­tors that could cause actu­al results to dif­fer mate­ri­al­ly from those in the for­ward-look­ing state­ments include the risks asso­ci­at­ed with Hines being able to suc­cess­ful­ly man­age the facil­i­ty, the ten­ant at the facil­i­ty remain­ing com­mit­ted to its lease oblig­a­tions and con­tin­u­ing to pay rent in a time­ly man­ner, and oth­er risks described in the Risk Fac­tors” sec­tion of Hines Glob­al’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2018, as updat­ed by its oth­er fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing statements.

Press Contacts
George C. Lancaster

Senior Vice President
Corporate Communications
713 966 7676