Hines Global Income Trust Acquires Second Logistics Facility in Poland

(WAR­SAW, POLAND) – Hines, the inter­na­tion­al real estate firm, is pleased to announce that Hines Glob­al Income Trust (“Hines Glob­al”) has acquired a logis­tics prop­er­ty in Łódź. The prop­er­ty is a Class A facil­i­ty designed for stor­age and light pro­duc­tion and will be man­aged by Hines Pol­s­ka. Along with its acqui­si­tion in Gdan­sk ear­li­er this month, this acqui­si­tion rep­re­sents Hines Global’s sec­ond Pol­ish logis­tics facility.

Con­struct­ed in 2019, the prop­er­ty con­tains over 36,000 square meters and is ful­ly leased to qual­i­ty com­mer­cial ten­ants includ­ing: Dam­co Poland– a MAER­SK Group com­pa­ny, pro­vid­ing solu­tions in the field of con­tract logis­tics, trans­port, for­ward­ing, sea and air freight, and Deles Polska–operating main­ly in the area of pack­ag­ing pro­duc­tion. Oth­er ten­ants of the prop­er­ty include Intel­li­gent Logis­tic Solu­tions and Panasys­tem PL–a com­pa­ny spe­cial­iz­ing in the auto­mo­tive sec­tor, and Inter Cars–the largest dis­trib­u­tor of spare parts for pas­sen­ger cars, deliv­ery vans and trucks in Cen­tral and East­ern Europe.

The loca­tion of the ware­house in the east­ern part of Łódź guar­an­tees ten­ants excel­lent access to urban infra­struc­ture, the A1 motor­way, as well as the junc­tion con­nect­ing the A1 and A2 routes pro­vid­ing strong region­al and Pan-Euro­pean connectivity.

“Excel­lent loca­tion with access to pub­lic trans­port and top-class ware­house space–these are, undoubt­ed­ly, the key assets of the project, which we have just pur­chased on behalf of Hines Glob­al. I am con­fi­dent that the build­ing meets the expec­ta­tions of all tenants–those focused on pro­vid­ing deliv­er­ies with­in Łódź, as well as region­al or nation­al dis­trib­u­tors,” said Prze­mysław Iznerow­icz, Man­ag­ing Direc­tor at Hines Pol­s­ka. ​“We are con­stant­ly look­ing for new invest­ment oppor­tu­ni­ties and in the near future we intend to inten­si­fy our activ­i­ties on the Pol­ish market.”

The pur­chase of the ware­house was financed by ING Bank Śląs­ki. Dur­ing the trans­ac­tion Hines Pol­s­ka was advised by the law firm Den­tons, the tax advis­er Cri­do and the tech­ni­cal advis­er DIL Pol­s­ka Bau­man­age­ment Sp. z o.o.

About Hines Glob­al Income Trust

Hines Glob­al Income Trust 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 Income Trust, 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 219 cities in 23 coun­tries. Hines has approx­i­mate­ly $124.3 bil­lion of assets under man­age­ment, includ­ing $63.8 bil­lion for which Hines pro­vides fidu­cia­ry invest­ment man­age­ment ser­vices, and $60.5 bil­lion for which Hines pro­vides third-par­ty prop­er­ty-lev­el ser­vices. The firm has 148 devel­op­ments cur­rent­ly under­way around the world. His­tor­i­cal­ly, Hines has devel­oped, rede­vel­oped or acquired 1,362 prop­er­ties, total­ing over 449 mil­lion square feet. The firm’s cur­rent prop­er­ty and asset man­age­ment port­fo­lio includes 514 prop­er­ties, rep­re­sent­ing over 222 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. Vis­it www​.hines​.com for more information.