Hines acquires prime logistics asset in Italy
Hines European Core Fund (HECF) has announced the acquisition of Castel San Pietro, a prime logistics development in Castel San Pietro Terme, Italy.
Castel San Pietro
This off-market forward purchase, located 26 kilometres from Bologna along the A14 motorway, fits HECF's logistics investment strategy.
The new 26,620 m2 Grade-A facility is expected to be completed by December 2026.
Castel San Pietro's strategic location and limited competition make it a standout asset.
The development is being led by FAP Investments, a specialist in photovoltaic systems and a frequent collaborator with Hines, marking their fifth joint project.
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