Hines' Poland Sustainable Income Fund (HPSIF) has announced the acquisition of a 126,290m2 logistics portfolio from NBGI Private Equity for an undisclosed amount.
The package includes five warehouse facilities in the Polish cities of Torun, Myslowice, Legnica, Garwolin and Grodzisk Mazowiecki. Major tenants include Cereal Partners Worldwide, Intermarché, Faurecia Automotive, Avon and Gefco.
'Following the successful purchase of Distribution Park Zeran in the first quarter of this year, we decided to expand the HPSIF portfolio with additional logistics properties,' said Lukasz Pawikowski, an asset manager at Hines Polska.
Law firm Clifford Chance and CBRE represented HPSIF on the transaction, while the seller was advised by law firm Dentons and JLL. The transaction was financed by ING Bank, a branch of ING-DiBa.
The Hines Poland Sustainable Income Fund focuses on the acquisition of properties that can be actively managed to improve energy efficiency. Apart from the newly-acquired buildings, the HPSIF portfolio also includes the Distribution Park Zeran logistics centre (formerly known as Annopol Business Park) and three office buildings in the Warsaw district of Mokotów – Ambassador Office Building, Nestlé House and Sky Office Center.
