Hines' Pan-European Core Fund (HECF) has acquired a prime West End office building in London from Arab Investments for an undisclosed sum. Located at 15 Suffolk Street in St. James, the property is the fund's first asset in the London office market. It is fully leased to boutique investment manager Fleming Family and Partners for a fixed term until 2022. Arab Investments was advised by King Sturge, and Hines represented itself in the transaction.

Hines' Pan-European Core Fund (HECF) has acquired a prime West End office building in London from Arab Investments for an undisclosed sum. Located at 15 Suffolk Street in St. James, the property is the fund's first asset in the London office market. It is fully leased to boutique investment manager Fleming Family and Partners for a fixed term until 2022. Arab Investments was advised by King Sturge, and Hines represented itself in the transaction.

Built in the mid-1950's, the property comprises 1,960 m2 over six levels. 'We are very pleased to have found an opportunity to enter London's West End office market with a high-quality asset and a first-rate tenant in a true-core location - all of which we believe guarantee the long-term value of the asset,' said HECF's fund manager Andreas Schreurs.

HECF is a Euro-denominated, Luxembourg-regulated Fonds de Commun de Placement (FCP), managed by Hines, with the objective to acquire a geographically diverse portfolio of core buildings with commercial uses across Europe.

Hines is a privately-owned firm active in real estate investment, development and property management worldwide. Hines' portfolio includes about 1,000 properties representing about 38.6 million m2 of office, residential, mixed-use, industrial, hotel, medical, retail and sports facilities, as well as large master-planned communities and land developments. Hines has offices in 68 US cities and 15 other countries.