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Transactions - JANUARY 14, 2020

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Hines Pan-European Core Fund acquires Frankfurt office

by Released

Hines has acquired Werfthaus in Frankfurt for €114 million ($127 million). The building was sold by Tristan Capital Partners.

Werfthaus offers 14,336 square meters (154,000 square feet) of office space and 208 parking spaces at Frankfurt Westhafen. The building’s new anchor tenant is the online platform Check24.

“Besides Marienbogen, this is the second investment by the fund into the Frankfurt office market. Our fund offers investors a stable earnings profile, consisting of a diversified portfolio. We invest in high-quality properties across major European cities,” said Peter Epping, HECF fund manager.

Daniel Reichwein, head of the Hines office in Frankfurt, added, “The Werfthaus building is recognized for its location in the emerging Westhafen submarket, high-quality furnishings and a unique view of the Main River and the Frankfurt skyline. Our local team has significant expertise in development and asset management. Our aim is to continuously improve

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