Hines and Metropolitan Real Estate Equity Management Acquire Cold Storage Facility and Development Site in China's Greater Bay Area
![Hines and Metropolitan Real Estate Equity Management Acquire Cold Storage Facility and Development Site in China's Greater Bay Area](https://23791392.fs1.hubspotusercontent-na1.net/hub/23791392/hubfs/news-2020-11-16-scp.jpg?width=1920&name=news-2020-11-16-scp.jpg)
(SHENZHEN, CHINA) – Hines, the international real estate firm, and a subsidiary of real estate funds managed by Metropolitan Real Estate Equity Management, “Metropolitan”, announced today that they have acquired a 33,800-square-meter cold storage facility and adjacent development site in China’s Greater Bay Area.
The Class A cold chain asset and development site are strategically located in Dongguan’s Shatian District, the premier logistics hub for the Greater Bay Area – the Pearl River Delta metro-zone comprised of nine Chinese cities, the Hong Kong and Macau Special Administration Zones, and over 70 million people therein.