Amsterdam—Global law firm Dentons has advised Hines on the refinancing of two key distribution centers in the Netherlands. Hines, on behalf of one of its discretionary funds, has renewed a substantial loan with Deutsche Pfandbriefbank AG (pbb), as part of a new financing package for its fresh food parks in Poeldijk and Venlo.

Fresh Park Venlo houses over 65 companies in 25 buildings which conduct business in fruits and vegetables, ornamental plant cultivation, import and export, packing and sorting, and logistics services to the food sector. The park not only serves the regional and Dutch market, but also functions as a hub for European and global trade in fresh fruits and vegetables.

ABC Westland in Poeldijk is a fresh food logistics park with a focus on food distribution, storage and processing. The Westland region is known for its logistics trade, research and development and world leading greenhouse food production.

Together, the parks offer more than 430,000 sqm of lettable space. The refinancing secures Hines’ ability to further invest in sustainability initiatives and expansion.

Hines is a global real estate investment, development and property manager. It is operational in 30 countries and manages over €87.1 billion in high-performing assets across various sectors, including residential, logistics, retail, office and mixed-use.

Dentons advised Hines Netherlands on the loans and security documents. Banking and Finance partner Marcel Janssen, Europe Financial Institutions Co-Head, led the legal team, which included Banking and Finance associates Karsten Hovinga and Viviënne de Jong, and Real Estate partner Dirk-Jan Gondrie.

About Dentons

Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion and sustainability, we focus on what matters most to you. www.dentons.com