Hines and Burstone Group form pan-European light industrial joint venture and acquire six assets for over €40 million

The joint venture between Hines, on behalf of Hines European Real Estate Partners III, and Burstone Group establishes a strategic platform for aggregating a pan-European light industrial portfolio. Burstone Group commits 20 percent of the joint venture equity and will manage all investment and asset management activities, indicating a clear operational mandate for the specialist partner. This initial deployment of over €40 million has secured six assets, comprising four in Germany and two in the Netherlands, totaling approximately 49,000 square meters. These properties, 90 percent occupied by businesses in warehousing, storage, distribution, last-mile, and wholesale trade sectors, are slated for a phased capital expenditure program. The repositioning strategy aims to drive rental growth within these income-generating light industrial facilities. Hines, a global real estate firm with $93.2 billion in assets under management across 30 countries as of Q4 2023, leverages its established European industrial platform, which had over €5 billion in gross asset value by December 2025, through this partnership. This allows Hines European Real Estate Partners III to expand its exposure to the light industrial segment with a proven operator. Burstone Group, with a track record exceeding €5 billion in industrial and logistics transactions since 2016, brings deep sector expertise and operational capability to the venture. Its significant equity contribution and management role align Burstone's financial interests directly with the performance of the German and Dutch assets. The focus on value-add through repositioning these 90 percent occupied assets in key European logistics markets aligns with current investor appetite for resilient, operationally-intensive real estate.