Hines Announces Lease Renewals in Poland Logistics Parks

(WARSAW, POLAND) – Hines, the international real estate firm, is pleased to announce lease renewals at two logistics parks. The company thyssenkrupp has renewed its lease of warehouse and office space covering 6,260 square meters in Distribution Park Sosnowiec (“DP Sosnowiec”) for three years. Nielsen Brandbank has also renewed its lease in Distribution Park Okęcie (“DP Okęcie”) for eight years and has expanded the leased office space to approximately 600 square meters.

Thyssenkrupp is a leading distributor of metals and plastics in Poland. It offers a wide selection of products made of carbon steel, stainless steel, aluminium and plastic. It also features special-use products, building systems and welding materials.

"The activity of our company is closely linked to the availability of our products directly in warehouses located across the country. With an extensive network of warehouses, including DP Sosnowiec, we are able to respond to our clients’ needs in a very short time," commented Maciej Kowalewski, head of marketing at thyssenkrupp Materials Poland S.A.

Nielsen Brandbank has also renewed its lease and will expand its office space in DP Okęcie. Nielsen Brandbank is one of the world's major trusted suppliers of digital product data for e-commerce websites, mobile shopping applications and virtual merchandising systems. The office space in DP Okęcie comprises a professional photo studio.

"The choice of Distribution Park Okęcie for our Warsaw office was not random. Our clients’ warehouses and offices are situated within the building and in its surroundings. Easy access to their products and proximity to the Warsaw Chopin Airport enable us to feel comfortable when doing studio photos for our business partners’ purposes," said Kamila Wrońska, Central Europe Commercial Director at Nielsen Brandbank.

"The long-term satisfaction of our tenants is our goal. Hines strives to maintain the highest standards in our industrial/logistics real estate, and we are committed to delivering solutions that meet our clients’ needs,” commented Julia Racewicz, asset manager at Hines Polska.

Hines Polska operates as asset and property manager of DP Sosnowiec and DP Okęcie, i.e., Hines Global REIT.

About Distribution Park Sosnowiec
Distribution Park Sosnowiec offers 47,100 square meters of high-quality warehouse space in one of the most strategic locations, which is the Upper Silesian agglomeration. The park consists of two warehouse buildings equipped with 70 docks and six drive-in gates accessible from the ground level, as well as 170 parking spaces for passenger cars and 46 sites for trucks. The property, put into use in 2005, is characterized by excellent exposure on the S1 expressway, in proximity to the A4 motorway connecting Germany and Ukraine. There is also the E40 route leading to Cracow and Wroclaw and E75 to Warsaw nearby.

About Distribution Park Okęcie
Distribution Park Okęcie is a logistic centre situated near International Chopin Airport in Warsaw. It consists of four buildings with a total area of 39,000 square meters, including warehouses and offices. The park has 552 parking spaces with access to the storage space via 64 loading and unloading docks. Distribution Park Okęcie is located on the south-western outskirts of Warsaw, near the European route E67 connecting Warsaw, Łódź and Wrocław. The advantages of the centre include proximity of the airport, good access to the city centre (20 minutes) and convenient access to public transport. Tenants of the Distribution Park Okęcie include companies such as Johnson & Johnson, DPD Polska, Alcatel-Lucent Polska, Toshiba, Freyssinet, and LG Electronics.

About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 21 countries. Hines has approximately $100 billion of assets under management, including $54.5 billion for which Hines provides fiduciary investment management services, and $45.5 billion for which Hines provides third-party property-level services. The firm has 113 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,262 properties, totalling over 414 million square feet. The firm’s current property and asset management portfolio includes 529 properties, representing over 213 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.