The London office of Hines announces that its Hines Pan-European Core Fund (HECF) has acquired Marienstrasse 15, its first asset in the Frankfurt office market. The seller was DEGI, and financials of the deal were not disclosed. Located in the heart of Frankfurt's CBD on Marienstrasse, the building accommodates part of the German headquarters of Allianz Global Investors (AGI), the wholly owned asset management arm of the Allianz Insurance group. Hines Immobilien GmbH, having assisted in the acquisition process, will be responsible for asset management.
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Marienstrasse 15 comprises
6,400 m
