Hines has acquired a light industrial portfolio of 10 properties in Sweden from Nordic property manager Areim.
Hines, through its core-plus Hines European Property Partners fund, has invested an unspecified amount to acquire the 28,000 square meter portfolio situated in last-mile locations in Gothenburg, the greater Stockholm area and Uppsala.
The portfolio is 94% leased, with leases averaging 8.4 years in remaining term.
Source: realassets.ipe.com on the 17th of October