BIRMINGHAM, UK-Pan-European Core Fund (HECF), managed by Hines, has purchased One Eleven Edmund Street, a 7-story class-A office building measuring 44,000 square feet in Birmingham, for an undisclosed price. The property was sold by IVG Institutional Funds GmbH, a German real estate fund.
One Eleven Edmund Street, built in 2003, is leased to Gateley. LBBW provided debt financing. Wragge & Co. and GBR Phoenix Beard advised Hines, while Jones Lang LaSalle advised IVG in the sale. For the full story, go to Europe Real Estate .
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