Hines has acquired a fully-leased 317,000sqft UK logistics asset from Blackstone for its European core fund.
The real estate fund manager has invested an unspecified amount to acquire the Heathrow Logistics Park in West London, on behalf of the Hines European Core Fund (HECF), which had a gross asset value of €3.78bn as of March.
Hines said the latest transaction also builds on its European logistics platform of more than €5bn as of December 2025.
Heathrow Logistics Park is fully leased to a diversified occupier base and comprises four modern warehouse units across a 15.4‑acre site.
The acquired asset joins HECF’s other asset in the area, Cargo Point, a four‑building air-cargo facility near Heathrow.
Ross Blair, head of Western Europe at Hines, said: “This acquisition will more than double our exposure to the Heathrow logistics market, underlining our strong conviction in Heathrow as a critical logistics hub.”
Ling Ng, global co-head of investment management at Hines, said: “Air-cargo hubs such as Heathrow are critical to global supply chains, as occupiers prioritise speed, resilience and proximity to key markets.
“Heathrow Logistics Park continues to build our exposure to core real assets with durable income and a clear path to capture reversion, supported by constrained supply and strong occupier demand.”
James Seppala, head of European real estate at Blackstone, said: “We are pleased to once more partner with Hines on this transaction, which underscores the continued depth of buyer demand for high quality logistics assets in the UK.”
To read the latest IPE Real Assets magazine click here.
