Global real estate investment manager Hines has purchased Heathrow Logistics Park from funds managed by Blackstone. The 317,000-square-foot prime logistics asset was acquired on behalf of the Hines European Core Fund (HECF).

The property is situated roughly 1.4 miles from the main cargo gate of Heathrow Airport. This location places the industrial asset within a highly supply-constrained logistics submarket in West London. The deal increases the footprint of Hines across key European air freight hubs.

The acquisition adds to the European logistics platform of Hines, which held a valuation of more than €5 billion as of December 2025. The transaction aligns with the investment strategy of the fund to secure core real assets located at the intersection of infrastructure and global trade. As of March 2026, HECF reported a gross asset value of €3.78 billion. The fund is managed by Simone Pozzato in coordination with the wider global investment management team.

Comprising four modern warehouse units across a 15.4-acre site, Heathrow Logistics Park is fully leased to a diversified occupier base. The site sits adjacent to Cargo Point, another HECF asset near Heathrow. Cargo Point consists of a four-building air cargo facility leased to Dnata, the dominant cargo operator at the airport.

“This acquisition will more than double our exposure to the Heathrow logistics market, underlining our strong conviction in Heathrow as a critical logistics hub,” said Ross Blair, Head of Western Europe at Hines.

“Air cargo hubs such as Heathrow are critical to global supply chains, as occupiers prioritise speed, resilience, and proximity to key markets,” said Chiang Ling Ng, Global Co-Head of Investment Management at Hines. “Heathrow Logistics Park continues to build our exposure to core real assets with durable income and a clear path to capture reversion, supported by constrained supply and strong occupier demand.”

“We are pleased to once more partner with Hines on this transaction, which underscores the continued depth of buyer demand for high quality logistics assets in the UK,” said James Seppala, Head of European Real Estate at Blackstone.

The West London acquisition follows a similar investment by HECF in Raunheim Logistics near Frankfurt Airport in 2025. That site contains over 400,000 square feet of Grade A warehouse space leased to global tenants, including Kühne + Nagel.

“Across Europe, supply chains are becoming more regionalised, with nearshoring and deglobalisation reshaping occupier behaviour,” added Ng. “Demand has been increasingly focused on well located logistics hubs, where constrained supply and low vacancy support rental growth and give operators a clear incentive to be close to end markets.”

Blackstone was advised on the deal by JLL, while ACRE Capital Real Estate acted on behalf of Hines.