Key Takeaways
- • Hines has acquired four mid-box industrial assets totaling approximately 290,000 square feet across Greater London and the Midlands for its Hines European Property Partners (HEPP) core-plus fund, with reported transaction value of £60 million (€69 million).
- • This latest acquisition brings HEPP's total UK mid-box portfolio to eight properties with a combined gross asset value of approximately £150 million (€173 million), following a prior acquisition of four similar assets in Tamworth, Leyton, Banbury, and Park Royal.
- • The transaction expands Hines's broader UK industrial and logistics footprint to €1 billion, which forms part of a €5 billion European real estate platform as of December 2025, reflecting the firm's strategic focus on well-located, urban-servicing logistics assets.
- • Hines executives attribute the strategy to supply chain reshaping driven by nearshoring and deglobalisation trends, emphasizing that mid-box assets located close to end markets and population centres continue to attract strong occupier demand.
- • The fully leased portfolio demonstrates Hines's conviction in mid-box industrial fundamentals and reflects the firm's hands-on operating model approach to driving long-term value in the sector.
Summary
Hines, the global real estate investment manager, has completed the acquisition of four mid-box industrial assets in the United Kingdom for approximately £60 million (€69 million) on behalf of its flagship European core-plus fund, HEPP. The portfolio comprises nearly 290,000 square feet of fully leased space distributed across Greater London and the Midlands, positioning the assets to capitalize on continuing demand from occupiers prioritizing well-located, dependable logistics infrastructure in urban servicing locations.
This transaction represents a material expansion of Hines's mid-box industrial strategy in the UK. When combined with a previous purchase of four similar assets in Tamworth, Leyton, Banbury, and Park Royal, the HEPP fund now controls eight comparable properties with an aggregate gross asset value of approximately £150 million (€173 million). The acquisitions underscore Hines's commitment to aggregating a focused portfolio within the mid-box logistics sector, a strategy the firm believes positions it to benefit from structural supply chain dynamics reshaping the European logistics landscape.
According to Ross Blair, head of Western Europe at Hines, the transaction aligns with the firm's observation that occupiers continue to prioritize well-located space in urban servicing locations. Chiang Ling Ng, global co-head of investment management at Hines, emphasized that nearshoring and deglobalisation trends are fundamentally reshaping European supply chains, increasing the strategic importance of logistics assets positioned close to end markets. The acquired assets benefit from attractive entry valuations, proximity to population centres, and operational functionality that meets evolving occupier requirements.
The transaction forms part of Hines's broader European consolidation strategy. As of December 2025, Hines controls a €1 billion UK industrial and logistics footprint, which represents a significant component of the firm's €5 billion European real estate platform. This scale and strategic positioning within the mid-box industrial sector, combined with Hines's hands-on operating model, provides a foundation for long-term value creation as supply chain localization trends continue to reshape European logistics demand.
This transaction represents a material expansion of Hines's mid-box industrial strategy in the UK. When combined with a previous purchase of four similar assets in Tamworth, Leyton, Banbury, and Park Royal, the HEPP fund now controls eight comparable properties with an aggregate gross asset value of approximately £150 million (€173 million). The acquisitions underscore Hines's commitment to aggregating a focused portfolio within the mid-box logistics sector, a strategy the firm believes positions it to benefit from structural supply chain dynamics reshaping the European logistics landscape.
According to Ross Blair, head of Western Europe at Hines, the transaction aligns with the firm's observation that occupiers continue to prioritize well-located space in urban servicing locations. Chiang Ling Ng, global co-head of investment management at Hines, emphasized that nearshoring and deglobalisation trends are fundamentally reshaping European supply chains, increasing the strategic importance of logistics assets positioned close to end markets. The acquired assets benefit from attractive entry valuations, proximity to population centres, and operational functionality that meets evolving occupier requirements.
The transaction forms part of Hines's broader European consolidation strategy. As of December 2025, Hines controls a €1 billion UK industrial and logistics footprint, which represents a significant component of the firm's €5 billion European real estate platform. This scale and strategic positioning within the mid-box industrial sector, combined with Hines's hands-on operating model, provides a foundation for long-term value creation as supply chain localization trends continue to reshape European logistics demand.
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