In August 2021, Hines acquired a 40,000-square-meter logistics distribution center and the adjacent 4,000-square-meter retail premises in Tiel, the Netherlands, on behalf of the Hines European Value Fund 2 (HEVF 2).
The logistics distribution center is occupied by a Dutch DIY brand which acts as the company’s logistics hub for the Netherlands. The retail unit is leased to a Dutch homeware chain and has recently been refurbished, demonstrating the tenant’s long-term commitment to this location.
The assets are located in Tiel, an established logistic hub in the Noord-Brabant logistics corridor, with excellent highway connectivity to the ports of Rotterdam and Antwerp via the A2 and A15 motorways and adjacent to the Waal river.