Key Takeaways
- • Hines has acquired the fully-leased Heathrow Logistics Park, a 317,000-square-foot UK logistics asset, from Blackstone on behalf of its Hines European Core Fund (HECF), which held €3.78 billion in gross assets as of March 2026.
- • The transaction more than doubles Hines' exposure to the Heathrow logistics market and strengthens its European logistics platform, which exceeded €5 billion in assets as of December 2025.
- • Heathrow Logistics Park comprises four modern warehouse units across a 15.4-acre West London site with a diversified tenant base and full lease occupancy, providing stable, durable income characteristics.
- • The acquisition complements HECF's existing Heathrow-area holding, Cargo Point, a four-building air-cargo facility, establishing a concentrated platform within a critical global logistics hub.
- • Both Hines and Blackstone emphasized constrained UK logistics supply, strong occupier demand, and the strategic importance of air-cargo hubs to global supply chains as key drivers of the transaction.
Summary
Hines has completed its acquisition of Heathrow Logistics Park, a 317,000-square-foot fully-leased logistics asset in West London, purchasing the property from Blackstone. The transaction was executed on behalf of Hines' European Core Fund (HECF), a €3.78 billion vehicle as of March 2026. While the purchase price was not disclosed, the deal underscores sustained institutional investor appetite for high-quality logistics assets in the United Kingdom.
The acquisition materially expands Hines' footprint in the Heathrow logistics corridor, more than doubling its existing exposure to this market. The asset comprises four modern warehouse units distributed across a 15.4-acre site with a diversified occupier base and full lease occupancy. This acquisition complements HECF's previous investment in the region—Cargo Point, a four-building air-cargo facility also near Heathrow—creating a concentrated logistics platform within one of Europe's most strategically important supply chain nodes. Hines' European logistics platform now exceeds €5 billion in total assets following the transaction.
Ross Blair, head of Western Europe at Hines, characterized the purchase as validation of Heathrow's position as a critical logistics hub, citing the firm's conviction in the market's long-term fundamentals. Ling Ng, global co-head of investment management at Hines, highlighted the appeal of air-cargo facilities as essential infrastructure supporting occupier priorities around speed, resilience, and geographic proximity to key markets. He further noted the combination of durable, stable rental income and potential for rental reversion as the asset matures, supported by constrained supply and robust occupier demand in the UK logistics sector.
James Seppala, head of European real estate at Blackstone, confirmed the vendor's satisfaction with the outcome, noting that the transaction reflects continued institutional buyer demand for prime-quality logistics assets in the United Kingdom. The deal reflects the persistent capital flow into logistics real estate across Europe, particularly in gateway markets linked to major transportation hubs and international trade corridors.
The acquisition materially expands Hines' footprint in the Heathrow logistics corridor, more than doubling its existing exposure to this market. The asset comprises four modern warehouse units distributed across a 15.4-acre site with a diversified occupier base and full lease occupancy. This acquisition complements HECF's previous investment in the region—Cargo Point, a four-building air-cargo facility also near Heathrow—creating a concentrated logistics platform within one of Europe's most strategically important supply chain nodes. Hines' European logistics platform now exceeds €5 billion in total assets following the transaction.
Ross Blair, head of Western Europe at Hines, characterized the purchase as validation of Heathrow's position as a critical logistics hub, citing the firm's conviction in the market's long-term fundamentals. Ling Ng, global co-head of investment management at Hines, highlighted the appeal of air-cargo facilities as essential infrastructure supporting occupier priorities around speed, resilience, and geographic proximity to key markets. He further noted the combination of durable, stable rental income and potential for rental reversion as the asset matures, supported by constrained supply and robust occupier demand in the UK logistics sector.
James Seppala, head of European real estate at Blackstone, confirmed the vendor's satisfaction with the outcome, noting that the transaction reflects continued institutional buyer demand for prime-quality logistics assets in the United Kingdom. The deal reflects the persistent capital flow into logistics real estate across Europe, particularly in gateway markets linked to major transportation hubs and international trade corridors.
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