Hines has acquired the 317,000 square foot Heathrow Logistics Park from Blackstone on behalf of its European Core Fund. Located near the main cargo gate of Heathrow Airport, the fully leased asset spans 15.4 acres and expands the European logistics platform of the investment firm beyond its previous €5 billion baseline.
Hines and Burstone Group have launched a pan-European light industrial joint venture, seeded with a R760 million investment. The partnership has acquired six assets across Germany and the Netherlands, totalling 49,000 square metres. Burstone will manage the portfolio, taking a 20% equity stake alongside the Hines European Real Estate Partners III fund. The strategy targets value-add opportunities driven by nearshoring and supply chain growth.
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