Hamburg-based Quantum Group has acquired the MIK office complex in Düsseldorf on behalf of a consortium of Korean institutional investors led by Capstone Asset Management.
The purchase price was estimated to be €240 million ($280 million).
The 570,000-square-foot complex was acquired by means of a share deal.
Located in Düsseldorf city center at Friedrichstr. 62-80, the MIK complex comprises six buildings built between 1954 and 1997. Extensive renovation work was carried out on the property in 2014. The Ministry of the Interior of North-Rhine Westphalia occupies the entire complex.
According to a new report by JLL, commercial property investors are allocating more capital to real estate worldwide, with Asian investors now accounting for five of the 10 biggest cross-border spenders. Inter-regional investment reached $19.5 billion in second quarter 2017, up 71 percent from the same period last year.
And according to Colliers International, invest
