Hines and Burstone Expand Netherlands Industrial JV With Acquisitions in Rijen and Venlo
Hines has acquired two industrial properties in the Netherlands — one in Rijen, near Tilburg, and one in Venlo — through its joint venture with Burstone, the firms announced Sept. 2. The acquisitions are the sixth and seventh assets added to the partnership, which targets light-industrial properties across the Netherlands and Germany.
Both assets were purchased from private sellers and are fully leased, providing immediate income to the joint venture.
The Properties
Stedenbaan 6 in Rijen comprises approximately 5,500 square meters of industrial and office space and is leased on a long-term basis to Kin Pompentechniek B.V. The property is located at Stedenbaan 6, 5121 DP Rijen, in the North Brabant province, within the Tilburg–Breda industrial corridor.
The Venlo asset, known as Venlo Horsterweg, totals approximately 5,500 square meters and is fully leased to two tenants. Venlo is one of the Netherlands' most strategically positioned logistics markets, located near the German border with multimodal road, rail and inland-waterway connections. The acquisition builds on an existing Hines operating presence in the city; the firm's Dutch platform includes more than 690,000 square meters of logistics space, with approximately 298,000 square meters of logistics holdings in Venlo.
Together, the two properties add roughly 11,000 square meters — approximately 118,400 square feet — to the joint venture's portfolio.
Portfolio Context
The Rijen and Venlo deals follow earlier JV acquisitions in Deventer in the Netherlands and in Wiesbaden, Lübeck, Homberg and Schwäbisch-Gmünd in Germany. Hines and Burstone launched the pan-European light-industrial venture in March 2026, with a focus on predominantly off-market acquisitions. At launch, Burstone reported the JV had deployed more than R760 million into six assets totaling approximately 49,000 square meters.
The portfolio's geographic spread — spanning multiple Dutch and German markets — reflects a strategy of diversification across regional industrial submarkets rather than concentration in a single logistics hub.
Investment Strategy and Market Backdrop
The acquisitions align with broader investor preference for well-located, income-producing industrial properties. Assets with existing tenants and long-term leases can offer more dependable cash flow while limiting exposure to construction-cost inflation, permitting timelines and uncertain lease-up. Both properties are fully leased, consistent with the JV's stated focus on income-producing assets rather than speculative development.
The off-market approach the JV has pursued can provide access to assets before broad auction processes, though it also limits the public benchmarking of transaction pricing and capitalization rates.
Hines and Burstone said they intend to continue expanding the joint portfolio with additional industrial acquisitions in the coming months.
Sources
Hines — Hines Acquires Two Industrial Assets in the Netherlands as Part of Burstone Joint Venture