Germany Real Estate Manager Hines has allocated €400m to invest in logistics assets over over the next two years and has already secured its first property for the new push — a fully-leased complex in Maintal near Frankfurt. Hines, which currently has €4.1bn of assets under management, says it plans to expand its range of investment while focusing on core properties. “Against that backdrop, and after an extensive review of various options, we will also begin making selective investments in the logistics development business in course of 2019,” said Alexander moll, Senior Managing Director at Hines. “This will include the purchase of land as well as existing buildings. The developed properties are intended both for our own portfolio and for market sale.”
