Hines, the international real estate firm, is pleased to announce that Hines Global Income Trust (“Hines Global”) has acquired a logistics property in Łódź. The property is a Class A facility designed for storage and light production and will be managed by Hines Polska. Along with its acquisition in Gdansk earlier this month, this acquisition represents Hines Global’s second Polish logistics facility.

Constructed in 2019, the property contains over 36 000 square meters and is fully leased to quality commercial tenants including: Damco Poland – a MAERSK Group company, providing solutions in the field of contract logistics, transport, forwarding, sea and air freight, and Deles Polska – operating mainly in the area of packaging production. Other tenants of the property include Intelligent Logistic Solutions and Panasystem PL – a company specializing in the automotive sector, and Inter Cars – the largest distributor of spare parts for passenger cars, delivery vans and trucks in Central and Eastern Europe.

The location of the warehouse in the eastern part of Łódź guarantees tenants excellent access to urban infrastructure, the A1 motorway, as well as the junction connecting the A1 and A2 routes providing strong regional and Pan-European connectivity.

“Excellent location with access to public transport and top-class warehouse space – these are, undoubtedly, the key assets of the project, which we have just purchased on behalf of Hines Global. I am confident that the building meets the expectations of all tenants – those focused on providing deliveries within Łódź, as well as regional or national distributors,” said Przemysław Iznerowicz, Managing Director at Hines Polska. “We are constantly looking for new investment opportunities and in the near future we intend to intensify our activities on the Polish market,” he added.

The purchase of the warehouse was financed by ING Bank Śląski. During the transaction Hines Polska was advised by the law firm Dentons, the tax adviser Crido and the technical adviser DIL Polska Baumanagement Sp. z o.o.

About Hines Global Income Trust

Hines Global Income Trust is a public, non-listed real estate investment trust sponsored by Hines. It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally. For additional information about Hines Global Income Trust, visit www.hinessecurities.com/current-offerings/hgit/.