Hines Mitsubishi Estate And Mbk Acquire Senoko Loop Logistics Property

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Article Rewritten:Hines, a leading global real estate investment firm, has recently acquired a logistics property located at 15 Senoko Loop in collaboration with Mitsubishi Estate and MBK Real Estate. The acquisition was announced on July 2 through a press release by Hines. Sumitomo Mitsui Banking Corp Singapore branch acted as the financing partner for the transaction, which was completed in late June. The building is currently occupied by British American Tobacco, the seller, and serves as its main anchor tenant.Located on a 263,328 square feet site, the property comprises a four-storey facility with a total gross floor area of 446,509 square feet. It features climate-controlled warehouse space as well as an administration area.Read also: Hines acquires premium office and logistics buildings in Tokyo and Osaka AdvertisementAdvertisementThis marks Hines’s second industrial investment in Singapore and its first joint venture with Japanese institutional partners in the country. To date, the firm has acquired 16 industrial assets spanning over five million square feet in Australia, China, Japan, South Korea, and Singapore.