DUSSELDORF, GERMANY-Hines' Pan-European Core Fund (HECF), an investment vehicle of Hines, has purchased a seven-story office building located in Dusseldorf from Redevco Services Deutschland GmbH. Financial terms of the deal were not revealed. The property situated at Bleichstrasse 14 has 75,347 square feet of leasable space, which is fully occupied by the tenants through long-term leases.
In the deal, Hines Immobilien GmbH negotiated on behalf of the buyer, while Hogan Lovells and Trombello Kolbel of Colliers represented the seller. For the full story, go to Europe Real Estate .
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