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Hines European value-add fund makes further UK acquisitions

Hines has acquired a portfolio of four multi-let industrial estates in the West Midlands on behalf of its Hines European Value Fund 2 (HEVF 2) from LondonMetric.According to LondonMetric the purchase price is £40.5 million, reflecting a NIY of 6.2%.

The four estates comprise a 47-unit mix of light i...