HAPP Fund Makes First Logistics Investment in Australia

Acquisition of four sites cements firm’s commitment to industrial and logistics sector after investments in distribution centers in Japan, South Korea, China, and Singapore since 2020

(SYDNEY, AUSTRALIA) – Hines, the global real estate firm, announced today that Hines Asia Property Partners (“HAPP” or the “Fund”), the firm’s flagship commingled Asia Pacific core plus fund, has acquired four logistics properties from industry property specialist Pipeclay Lawson Ltd. Comprised of a combined 58,350 square metres in New South Wales and Queensland, Australia.

The four assets mark HAPP’s first logistics acquisition in Australia and underlines the fund’s commitment to the industrial sector. Three of the properties are in large land sites in western Sydney (68 Anzac Street, Chullora; 13 Ferndell Street, South Granville; 128 Russell Street, Emu Plains) and the fourth in Brisbane’s Trade Coast precinct (55 Brownlee Street, Pinkenba). These are two of the highest performing industrial markets in the country with immediate value-add potential.

“These four assets provide us with immediate scale and a solid foundation on which to grow our industrial and logistics platform in Australia,” said Alysia Reilly, head of industrial and logistics, Australia at Hines. “Our acquisition strategy is location driven so the fact that this portfolio was heavily weighted to Sydney was a key driver. We are actively targeting locations that fit Hines’ last-mile / urban logistics criteria and assets that we can transition into next-generation urban infill distribution centers over time.”

Since 2020, Hines has secured nine logistics assets totaling 290,000 square metres (3.1 million square feet) over six cities in Australia, China, Japan, South Korea, and Singapore. The latest Australian acquisition will give Hines greater scale and generate more investor interest in the region. On a global scale, Hines has invested nearly USD4.1 billion in the industrial and logistics sector and completed over 60 acquisitions representing more than 4 million square metres (43 million square feet.) Hines has an additional 36 development projects ranging from in-design to completed, currently held in the portfolio.

“The logistics market is experiencing robust growth globally and Hines is bringing high quality product that caters to the future requirements of the sector and improves today’s logistics operator’s experiences,” said Simon Shen, senior managing director and fund manager of HAPP at Hines. “HAPP will target increasing opportunities similar to this Australia acquisition and build significant exposure to logistics through our portfolio deals in Asia Pacific.”

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About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management valued at approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.

Visit www.hines.com for more information.

¹Includes both the global Hines organization as well as RIA AUM as of 31 December 2021

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