Hines Poland Sustainable Income Fund Expands Its Logistics Portfolio

(WARSAW, POLAND) – 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 square meters. Assets and properties are managed on behalf of HPSIF by Hines Polska.

The portfolio includes logistics parks in Toruń (30,308 square meters), Mysłowice (27,981 square meters), Legnica (26,030 square meters), Garwolin (25,940 square meters) and Grodzisk Mazowiecki (16,030 square meters). 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 Mokotów – Ambassador Office Building, Nestlé House and Sky Office Center.

Hines Poland Sustainable Income Fund
(HPSIF) is managed by Hines with the objective of acquiring properties that can be actively managed to improve energy efficiency and lower emissions. Hines Poland focuses on real estate development and acquisition for Hines’ various investment entities.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 182 cities in 20 countries. Hines has $89.1 billion of assets under management, including $42.5 billion for which Hines provides fiduciary investment management services, and $46.6 billion for which Hines provides third-party property- level services. The firm has 109 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,126 properties, totaling over 351 million square feet. The firm’s current property and asset management portfolio includes 457 properties, representing over 193 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.

NBGI Private Equity’s Real Estate Fund invests in property backed assets in central, southern and eastern Europe. The Fund focuses on development projects and existing assets including office, logistics and warehousing, industrial, and retail.