Home / News / Industry News / Hines snaps up Dutch logistics park for EUR116.5 million

Hines snaps up Dutch logistics park for EUR116.5 million

US privately-owned global real estate investment rm Hines has acquired a 13-asset logistics park in the Netherlands which includes land for potential further development.

The property, dubbed ABC Westland, was acquired via its Global Income Trust vehicle. Financial details were not disclosed, but information filed with the Dutch land registry reveals Hines paid €116.5 million for the park. 

The freehold logistics assets, covering 117,000 m2 of space, is located close to The Hague and is home to over 50 food companies and suppliers in the fresh fruit and vegetable industry.

Property EU – 06 May 2019