Logistics: Hines acquires 213.000 sqm in Lombardy and Piedmont

The highly significant logistics transactions continue. Hines is expanding its Italian portfolio through two transactions which, in total, amount to 213.000 sqm.

The Texan real estate giant has paid 180 million euros in Lombardy and Piedmont. More precisely, the deal was carried out by Hines European Core Fund (Hecf) and Hines European Real Estate Partners III (Herep III).

Where Hines Group's new assets are located

Through the former, the group – with approximately 91 billion dollars of assets under management – acquired ownership of a logistics complex of approximately 19.000 sqm in San Giuliano Milanese, in the Milan metropolitan area.

At the same time, on behalf of Herep III, Hines has signed a conditional agreement for the future purchase of a Grade A logistics park of approximately 194.000 sqm in Pozzolo Formigaro (Alessandria).

The San Giuliano asset, located 8 kilometres from the centre of the Lombard capital, benefits from excellent infrastructure connections and represents the fourth logistics acquisition in Italy for the fund known as Core, further consolidating its portfolio's presence in the Milan area.

The Pozzolo Formigaro park consists of 4 buildings, which will be delivered in three phases by 2028, of which approximately 110.000 sqm is already committed and a further 80.000 sqm is subject to certain conditions.

The asset is located in one of the main logistics corridors in northern Italy and is also positioned to capture demand from the Tortona logistics market, which is now nearing saturation and characterised by limited land availability for new developments. The location provides strategic connections with Milan, the city of Genoa and the Port of Genoa.

Italy: a high-potential logistics market

Hines Research explains that, in the second quarter of 2026, the European logistics market continues to be characterised by a limited supply of new space.

Across the continent, the start of new industrial construction has in fact fallen by 68% from its recent peak. At the same time, vacancy rates remain limited in many of the major countries, including Italy, supporting the performance of higher-quality logistics properties in the most strategic locations.

“Italy continues to represent a key market for Hines, and these investments confirm our confidence in its long-term growth potential,” comments Alfonso Munk, global co-head of investment management at Hines. “Our European platform enables us to allocate capital selectively across different strategies.”

Hines, present in Italy since 1999, invests in the living, office, retail, logistics and mixed-use sectors. The group is one of the world's leading real estate platforms, with 4.600 employees in 29 countries.

Many transactions involving stellar sums

We conclude with mentions of other cases: the Dutch company Ctp has drawn up a programme of 1 billion in logistics investments in our country.

The German company Garbe, for its part, has inaugurated Nexos Tortona Logistics on 102.000 square metres.

Nuveen RE has allocated 100 million euros to logistics in Milan.

Cbre IM has acquired, in Italy, a portfolio of 8 assets worth 370 million euros.

HINES GROUP KEY FIGURES

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.