Hines Global Income Trust Grows Dutch Logistics Portfolio with Strategic Venlo Acquisition

April 4, 2024

AMSTERDAM/HOUSTON – Hines, the glob­al real estate invest­ment man­ag­er, today announced the acqui­si­tion of a 20,000 square-meter retail ware­house adja­cent to its exist­ing invest­ment, Fresh Park Ven­lo locat­ed in Ven­lo, Nether­lands, on behalf of the Hines Glob­al Income Trust, Inc. (HGIT).

Sit­u­at­ed on the bor­der between the Nether­lands and Ger­many, the Ven­lo logis­tics hub is the largest fresh food dis­tri­b­u­tion hub in Europe. It is respon­si­ble for 75% of the total con­tain­er freight from the Nether­lands to Ger­many with 21,000 trucks cross­ing the bor­der every day and 11 mil­lion tons of rail freight cross­ing annu­al­ly. This acqui­si­tion fur­ther con­sol­i­dates HGIT’s posi­tion in Ven­lo, where it already owns and oper­ates 298,000 square meters of prime logis­tics space. The prop­er­ty sits on free­hold logis­tics-zoned land adja­cent to HGIT’s exist­ing assets and is ful­ly leased to a cash-and-car­ry whole­sale oper­a­tor with more than 180 out­lets on-site. The site boasts an A+++ ener­gy label and incor­po­rates sus­tain­abil­i­ty fea­tures includ­ing a solar pan­el sys­tem and an inno­v­a­tive ther­mal ener­gy stor­age system.

We are delight­ed to have fur­ther strength­ened Hines’ posi­tion in this key loca­tion in the Nether­lands. By adding a retail ware­house to the invest­ment, our port­fo­lio is fur­ther diver­si­fied and a new B2B con­cept is added to the 65 ten­an­cies already in busi­ness at the com­mer­cial park man­aged by our on-site prop­er­ty man­age­ment team,” said Andy Smith, senior man­ag­ing direc­tor and coun­try head of Hines Netherlands.

We look for­ward to work­ing with the ten­ant to find oppor­tu­ni­ties to enhance their expe­ri­ence in their long-term home. Hines Nether­lands remains com­mit­ted to invest­ing in Ven­lo for the long term and looks for­ward to fur­ther devel­op­ing the park with the munic­i­pal­i­ty and oth­er stake­hold­ers, he added.”

The acqui­si­tion demon­strates HGIT’s abil­i­ty to unlock qual­i­ty acqui­si­tion oppor­tu­ni­ties glob­al­ly through Hines’ local mar­ket pres­ence and we are pleased to fur­ther strength­en our Dutch logis­tics port­fo­lio with this addi­tion,” not­ed Alex Knapp, Chief Invest­ment Offi­cer – Europe for both Hines and HGIT

With this addi­tion, HGIT has a $4.1 bil­lion port­fo­lio of com­mer­cial real estate invest­ments that is more than 64% weight­ed toward the liv­ing and indus­tri­al sec­tors. HGIT is diver­si­fied by geog­ra­phy and real estate sec­tors, with a focus on sta­ble assets with strong long-term income potential. 

The acqui­si­tion marks Hines Nether­lands’ con­tin­ued growth, which totals over 735,000 square meters that the firm owns or man­ages, with more than 690,000 square meters in logistics.

Hines’ advi­sors on the trans­ac­tion includ­ed: Uijthoven Vast­goedad­vies, Sim­mons & Sim­mons, EY, Hol­lis and WSP

About Hines Glob­al Income Trust

HGIT 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 HGIT vis­it www​.hines​glob​al​in​cometrust​.com.

About Hines

Hines is a glob­al real estate invest­ment, devel­op­ment, and prop­er­ty man­ag­er. The firm was found­ed by Ger­ald D. Hines in 1957 and now oper­ates in 30 coun­tries. We man­age a $93.2B1 port­fo­lio of high-per­form­ing assets across res­i­den­tial, logis­tics, retail, office, and mixed-use strate­gies. Our local teams serve 857 prop­er­ties total­ing over 270 mil­lion square feet glob­al­ly. We are com­mit­ted to a net zero car­bon tar­get by 2040 with­out buy­ing offsets.

To learn more about Hines, vis­it www​.hines​.com and fol­low @Hines on social media.

¹In­cludes both the glob­al Hines orga­ni­za­tion as well as RIA AUM as of Decem­ber 312023.

Any ESG or impact com­mit­ments made by Hines are not being pro­mot­ed and do not bind any invest­ment deci­sions made in respect of, or the stew­ard­ship of, HGIT. Any mea­sures imple­ment­ed in respect of such ESG or impact com­mit­ments may not be imme­di­ate­ly applic­a­ble to HGIT’s invest­ments and any imple­men­ta­tion can be over­rid­den or ignored at HGIT’s sole discretion.

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 poten­tial long-term per­for­mance of this prop­er­ty and over­all per­for­mance of the Ven­lo area, Hines’ future plans for invest­ment and devel­op­ment in Ven­lo, 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 prop­er­ty, risks asso­ci­at­ed with an eco­nom­ic down­turn in the region or the indus­tri­al sec­tor, and oth­er risks described in the Risk Fac­tors” sec­tion of HGIT’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2023, 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 Contact
Erica Campbell

212 294 9024