In June 2020 Hines, on behalf of its Hines Global Income Trust, acquired an office-industrial complex in Madrid.
The 43,387-square-meter facility is located in the Corredor del Henares submarket facing the A2 motorway, only a five-minute drive from Madrid’s airport and 20 minutes from Madrid´s city center. The complex is fully leased with a six-year term to Airbus Defence and Space S.A.U. and is comprised of six office and industrial buildings plus two security access points. The facility has the potential to be redeveloped into a best-in-class last-mile logistics facility due to its strategic location close to the Madrid Airport and the ability to reach the majority of Madrid’s population within 45 minutes.