HIH Hamburgische Immobilien has acquired the Opus office complex in Frankfurt's Westend district for one of the special funds of Warburg Henderson KAG. Although the financial details were not disclosed, HIH's managing director Hans-Joachim Lehmann told PropertyEU that the value of the asset amounts to EUR 80 mln. The vendor is Hamburg-based HCI Group.
HIH Hamburgische Immobilien has acquired the Opus office complex in Frankfurt's Westend district for one of the special funds of Warburg Henderson KAG. Although the financial details were not disclosed, HIH's managing director Hans-Joachim Lehmann told PropertyEU that the value of the asset amounts to EUR 80 mln. The vendor is Hamburg-based HCI Group.
The acquisition follows hard on the heels of Hamburg-based HIH's opening of a local office in the city of Frankfurt in late 2011.
'We have secured a flagship asset at a sought-after location in Frankfurt,' Lehmann said.
The 3,561-m2 asset is multi-let and includes 58 parking spaces. Built in 1966, the building was extensively refurbished in 2007/2008.
