Hines, acting on behalf of the Hines Pan-European Core Fund (HECF), has acquired “Werfthaus” office property in Frankfurt, for a price of approximately €114m. The building was sold by Tristan Capital Partners; with Barings Real Estate acting as an asset manager. “Werfthaus” offers 14,336m² of office space and 208 parking spaces. The building’s new anchor tenant is the online platform Check24. The asset was completed in 2009 according to a design by the architectural firm KSP Jurgen Engel, and benefits from easy access by the public and private transport.
Hines acquires Frankfurt office property for €114m (DE)
Jan 14, 2020