Hines acquires four UK mid-box industrial assets for core-plus fund

Hines, a global real estate investment manager, has completed the acquisition of four mid-box industrial assets in the United Kingdom totaling approximately 290,000 square feet for its European core-plus fund, Hines European Property Partners (HEPP). The portfolio comprises fully leased properties located across Greater London and the Midlands. This transaction follows an earlier purchase of four similar UK assets in Tamworth, Leyton, Banbury, and Park Royal, bringing HEPP's total UK mid-box portfolio to eight properties with a gross asset value of approximately £150 million (€173 million).

The acquisition represents a strategic expansion of Hines's industrial footprint in the United Kingdom and Europe more broadly. The manager now operates a €1 billion UK industrial and logistics platform, which is part of a €5 billion European real estate platform established as of December 2025. Ross Blair, head of Western Europe at Hines, emphasized the company's conviction in well-located mid-box assets, noting that "occupiers continue to prioritise well‑located, dependable space in urban servicing locations," and that aggregating the mid-box portfolio allows Hines to focus on a sector with strong fundamentals while leveraging its hands-on operating model.

The deal aligns with broader structural shifts in European supply chains. Chiang Ling Ng, global co-head of investment management at Hines, highlighted that nearshoring and deglobalisation are reshaping logistics networks across Europe, driving increased importance of industrial assets positioned close to end markets and population centers. The acquired assets benefit from attractive entry valuations, functional design that meets occupier requirements, and strategic proximity to major consumer markets—factors that support both operational performance and long-term value creation within the core-plus strategy.