(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.