HECF acquired 13,285 m2 of best-in-class space in London located on freehold land just across the cargo gate at Heathrow airport. For HECF, this investment consolidates its ownership at a infrastructure critical location which is set to service a total of 53 million passengers in 2022.

Meanwhile, HEPP, Hines’ European flagship core-plus fund vehicle, acquired an off-market, fully occupied four asset portfolio, its first UK acquisition, which spans 42,734 m2, located across Yorkshire – Normanton, Doncaster, and Sheffield. Each location is essential to the respective occupier and is supported by excellent connectivity and transportation access with several of the assets primed for additional value-add ESG initiatives.

This year, Hines has completed €797 mln of logistics deals across the Czech Republic, France, Germany, Italy, Poland, The Netherlands and The UK increasing its logistics AUM in Europe to €3 bn.

Greg Cooper, managing director – UK Logistics at Hines, commented: ‘Despite the current macroeconomic climate, we continue to see high levels of occupier demand for best-in-class logistics space in supply-constrained areas across the UK. Both acquisitions underpin our long-term strategy and conviction in the logistics sector focused on the right opportunities in the best locations, where we can utilise our on-the-ground logistics expertise to drive added value. We continue to actively seek these opportunities to scale up our exposure to UK logistics and deliver value for our clients.’