Hines Poland Sustainable Income Fund (HPSIF) has acquired a logistics portfolio from NBGI Private Equity. Five warehouse facilities account for a total of 126,289 sqm. Assets and properties are managed on behalf of HPSIF by Hines Polska.
The portfolio includes logistics parks in Toruń (30,308 sqm), Mysłowice (27,981 sqm), Legnica (26,030 sqm), Garwolin (25,940 sqm) and Grodzisk Mazowiecki (16,030 sqm). The exclusive tenants of the facilities are Cereal Partners Worldwide, Intermarche, Faurecia Automotive, Avon and Gefco respectively. All properties are located near key communication routes ensuring convenient domestic and international transport.
“Following the successful purchase of Distribution Park Żerań in the first quarter of this year, we decided to expand HPSIF portfolio to additional logistics properties. Renowned tenant roster coupled by first class location of all the assets bought from NGBI PE is a great addition to our portfolio,” said Łukasz Pawikowski, Asset Manager at Hines Polska.
“We are very pleased that such a dynamically growing fund decided to acquire five buildings from our logistics portfolio. This proves the quality and potential of the projects we have been investing in,” said James Huckle, Investment Director at NBGI Private Equity.
Under the HPSIF strategy, all five buildings will feature enhancements with a goal to improve energy efficiency and reduce emissions. Preceded by an audit, the changes will provide a friendly and green working environment certified with one of the internationally recognized systems.
The law firm Clifford Chance and the consulting firm CBRE represented HPSIF throughout the transaction. The seller was advised by the law firm Dentons as well as the international firm JLL. The transaction was financed by ING Bank, a branch of ING-DiBa AG.
Apart from the newly-acquired buildings, HPSIF portfolio also includes Distribution Park Żerań logistics centre (formerly known as Annopol Business Park) and three office buildings in the Warsaw district of Mokotow – Ambassador Office Building, Nestle House and Sky Office Center.