Hines acquista una logistic facility in Germania

Hines, the international real estate firm, announced today that Hines Global REIT, Inc. has acquired the “Fiege Mega Centre”, a Class A, single-tenant logistics facility located near the central German city of Erfurt, between Berlin and Frankfurt.
The 952,539-square-foot property is 100 percent leased to Fiege Group until 2023.  Developed in 1995, the facility was designed to expand Fiege’s retail logistics operations and is one of their most modern e-commerce logistics centers.
Debt financing for the acquisition was provided by Deutsche Pfandbriefbank AG.  Hines Germany will provide asset management services.
Fiege Logistics is one of the leading logistics providers in Europe. Its expertise lies particularly in the development and implementation of complete, integrated logistics systems. In 2012, Fiege Logistics generated revenues of €1.5 billion worldwide with its 11,000 employees. Its 200 sites and cooperation partnerships in 17 countries form an extensive logistics network, containing an aggregate total of three million square meters of storage and logistics space.
Source : Company