Hines Global Income Trust Expands its Portfolio in Northern Poland

(WAR­SAW, POLAND) Hines, the inter­na­tion­al real estate firm, is pleased to announce Hines Glob­al Income Trust, Inc. (“Hines Glob­al”) has acquired a mod­ern logis­tics park with an area of over 30,000 square meters near Gdańsk. The prop­er­ty, pur­chased on Sep­tem­ber 24, 2019 from the invest­ment plat­form The SEGRO Euro­pean Logis­tics Part­ner­ship (“SELP”), will be man­aged by Hines Polska.

The logis­tics cen­tre con­sists of two high-class ware­house build­ings with a total area of 32,237 square meters. The build­ings were con­struct­ed in 2013 and 2015, and are ful­ly leased to two ten­ants, which uti­lize the loca­tion to ser­vice the Tri-City area. Żab­ka Pol­s­ka, the largest chain of small con­ve­nience stores in Poland, occu­pies 25,500 square meters of build­ing space. The remain­ing area is leased to DB Schenker, a Ger­man glob­al lead­ing logis­tics provider spe­cial­is­ing in com­pre­hen­sive sup­ply chain man­age­ment offer­ing not only ware­hous­ing, but also freight for­ward­ing and trans­port solutions.

The invest­ment is locat­ed in Pruszcz Gdańs­ki, in the vicin­i­ty of the Rusocin junc­tion, pro­vid­ing direct access to the Tri-City ring road and A1 Motor­way. The prop­er­ty is only 11 km away from the Gdańsk city center.

Sher­ri Schugart, Chief Exec­u­tive Offi­cer of Hines Glob­al, added: ​“Hines Glob­al Income Trust is excit­ed about enter­ing the Pol­ish logis­tics mar­ket, gain­ing access to a strate­gic dis­tri­b­u­tion node, and expand­ing our Pan-Euro­pean ware­house portfolio.”

“The logis­tics cen­tre in Pruszcz Gdańs­ki is dis­tin­guished by its excel­lent loca­tion and sta­ble ten­ants. I am very glad this invest­ment marks our pres­ence in the Tri-City logis­tics mar­ket,” said Woj­ciech Rumi­an, Vice Pres­i­dent of the Man­age­ment Board of Hines Polska. 

“The sale of the park in Gdańsk is one of the ele­ments of our company’s strat­e­gy focus­ing on major ware­house mar­kets in Poland. We are con­fi­dent that Hines has made a pru­dent invest­ment pur­chase” said
Boże­na Kraw­czyk, Invest­ment Direc­tor for Cen­tral Europe at SEGRO.

Dur­ing the trans­ac­tion Hines was advised by the law firm Lin­klaters, the tax advis­er Cri­do and the tech­ni­cal advis­er DIL Pol­s­ka Bau­man­age­ment Sp. z o.o.

About Hines Glob­al Income Trust

Hines Glob­al Income Trust is a pub­lic, non-list­ed real estate invest­ment trust spon­sored by Hines. It com­menced oper­a­tions in 2014 and invests in com­mer­cial real estate invest­ments locat­ed in the Unit­ed
States and inter­na­tion­al­ly. For addi­tion­al infor­ma­tion about Hines Glob­al Income Trust, vis­it http://​www​.hinesse​cu​ri​ties​.com/​c​u​r​r​e​n​t​-​o​f​f​e​r​i​n​g​s​/​hgit/.

About Hines

Hines is a pri­vate­ly owned glob­al real estate invest­ment firm found­ed in 1957 with a pres­ence in 219 cities in 23 coun­tries. Hines has approx­i­mate­ly $124.3 bil­lion of assets under man­age­ment, includ­ing $63.8 bil­lion for which Hines pro­vides fidu­cia­ry invest­ment man­age­ment ser­vices, and $60.5 bil­lion for which Hines pro­vides third-par­ty prop­er­ty-lev­el ser­vices. The firm has 148 devel­op­ments cur­rent­ly under­way around
the world. His­tor­i­cal­ly, Hines has devel­oped, rede­vel­oped or acquired 1,362 prop­er­ties, total­ing over 449 mil­lion square feet. The firm’s cur­rent prop­er­ty and asset man­age­ment port­fo­lio includes 514 prop­er­ties,
rep­re­sent­ing over 222 mil­lion square feet. With exten­sive expe­ri­ence in invest­ments across the risk spec­trum and all prop­er­ty types, and a pio­neer­ing com­mit­ment to sus­tain­abil­i­ty, Hines is one of the largest and most respect­ed real estate orga­ni­za­tions in the world. Vis­it www​.hines​.com for more information.