Publications

- November 1, 2011: Vol. 5, Number 10

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Hines Core Fund Buys UK Office Asset

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Hines has acquired 111 Edmund Street in Birmingham, United Kingdom, on behalf of its Pan-European Core Fund, a euro-denominated FCP-FIS focused on core commercial buildings across Europe. The seller was Germany-based IVG Institutional Funds; terms of the transaction were not disclosed.

The seven-storey, 4,000-square-metre property is let to Gateley, a regional commercial law firm. The class A building was completed in 2003.


 

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