News Article Hines industrial investment Lodz logistics Poland
by Property Forum | Industrial

Hines Global Income Trust 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 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.