Hines Global Income Trust acquires Floralaan retail warehouse in Venlo, Netherlands for €19.7M

HINES GLOBAL INCOME TRUST, INC.

Acquired Floralaan, a 215,000 sq ft retail warehouse in Venlo, Netherlands, for €19.7M (~$21.2M).
Property is 100% leased to a cash-and-carry wholesale operator with 180+ outlets; adjacent to existing Fresh Park Venlo.
Portfolio now totals $4.1B, with 64% in living and industrial sectors; strengthens Dutch logistics presence.
Asset features A+++ energy label, solar panels, and thermal energy storage; closed March 25, 2024.

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