SHD Logistics is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Texas company acquires Golden Triangle warehouse

pound red graph.jpg
Texan buyers Hines have snapped up a Golden Triangle warehouse, marking its fifth purchase of a UK property in 12 months. David Thame reports.

Texan-based investor Hines has bought its fifth UK logistics property site in a single year, as US money pours into warehouse real estate.

Hines has acquired the 147,000 sq ft Cross Point Business Park, an industrial warehouse in the West Midlands, 24 miles east of Birmingham outside of Coventry. The 27 year old warehouse, refurbished in 2015, is leased to support services business Restore PLC a support services company.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 225 cities in 25 countries. Hines has approximately $144.1 billion of assets under management, including $75.5 billion for which Hines serves as investment manager, including non-real estate assets, and $68.6 billion for which Hines provides third-party property-level services.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.