M&A
confidence high
sentiment positive
materiality 0.55
Hines Global Income Trust acquires Junction 27 UK retail park, entering UK retail market
HINES GLOBAL INCOME TRUST, INC.
- Acquired 131,000 sq ft 100%-leased retail park in Birstall, England from Tritax Big Box REIT.
- Junction 27 has 13 suites with tenants including Currys Group and ScS Group; IKEA serves as shadow anchor.
- Acquisition marks HGIT's entry into UK retail, expanding its $4.5B portfolio across geographies and sectors.
- No purchase price disclosed; HGIT's President cites 'good buying opportunities' in select retail assets.