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The global real estate manager has made its seventh industrial and logistics asset acquisition in Australia and its second in Queensland with the purchase of a Brisbane cold storage property.
Honda broke ground on the new facility in June, with its old facilities acquired by Hines Asia Property Partners.
The global investment firm has purchased a portfolio of four logistics properties in Sydney and Brisbane for a combined $211.5 million from local fund manager Pipeclay Lawson.
The acquisition of four large warehouse properties in Sydney and Brisbane gives Hines a springboard to grow its logistics platform in Australia.