Hines Global Income Trust NAV Hits $3.29B in European Portfolio Reshuffle

Hines Global Income Trust Inc., or HGIT, a publicly registered nontraded real estate investment trust sponsored by Hines, sold three U.K. industrial properties and its industrial asset in Prague, Czech Republic, for a combined $163 million, and acquired a fully leased logistics property in Germany for approximately $82.2 million.

In July, the company sold three U.K. industrial properties — Charles Tyrwhitt DC, DSG Bristol, and 5100 Cross Point — for a contract sales price of £77.9 million, or approximately $105.2 million, exclusive of transaction costs and closing prorations.

The following month, a subsidiary of the company sold its interests in Eastgate Park, an industrial logistics property in Prague, for a gross sales price of €50.3 million, or approximately $57.8 million, resulting in a net sales price of €13.6 million after the payoff of the property’s existing mortgage loan. AltsWire reported HGIT’s acquisition of Eastgate Park in October 2021, when the company purchased the 420,000-square-foot last-mile logistics facility for approximately $44.2 million.

Also in August, the company acquired the Diemelstadt property, a fully leased 732,000-square-foot industrial asset in Diemelstadt, Germany, for approximately €71.5 million, or approximately $82.2 million, exclusive of transaction costs.

HGIT’s total net asset value grew to approximately $3.29 billion as of June 30, up from nearly $3 billion at the end of February, when AltsWire reported the sale of the company’s Colorado retail center. Total assets grew to $6.14 billion as of June 30, from $5.99 billion at the end of 2025.

The company reduced its notes payable to $2.04 billion as of June 30, from $2.37 billion at the end of 2025. Approximately 97% of the company’s total debt outstanding is fixed-rate or has been fixed through interest rate caps, according to the company.

Private placement shares sold in April, May, and June were priced at $9.80, $9.83, and $9.81 per share, respectively, based on the most recently determined NAV per share at the time of each sale — roughly in line with the $9.82 per-share NAV reported as of Feb. 28.

The company reported satisfying all shareholder repurchase requests during the second quarter without proration, redeeming approximately 2.7 million shares in April, 2 million shares in May, and 2.4 million shares in June — below the maximum permitted under the company’s monthly redemption limitation in each of the three months.

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