HIH acquires Frankfurt office for Warburg fund

By A staff reporter 2010-09-23T00:00:00+01:00

German investment company Hamburgische Immobilienhandlung (HIH) has bought the Oper 46 property in Frankfurt. The 7,500 m[sup]2[/sup] office and retail property is to be contributed to the open-ended institutional fund Warburg-Henderson Deutschland Fonds Plus.

German investment company Hamburgische Immobilienhandlung (HIH) has bought the Oper 46 property in Frankfurt. The 7,500 m² office and retail property is to be contributed to the open-ended institutional fund Warburg-Henderson Deutschland Fonds Plus.

HIH said the vacant Oper 46 had a market value of about EUR 34-36 mln.

Warburg-Henderson Deutschland Fonds Plus currently owns about EUR 90 mln of assets. The fund intends to acquire EUR 500 mln of assets in the 10 largest German cities.