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Hines acquires Daimler property in Stuttgart-Möhringen

Hines has acquired the office building at Plieninger Straße 140 in Stuttgart-Möhringen. The property with approx. 22,000 sqm of office space is located on a site with approx. 47,000 sqm. The office space is fully let to Daimler. According to an estimate from the "Immobilienbrief Stuttgart", the purchase price, which has not been made public, is between €50-60mn. Hines was provided consultation in legal matters by Pöllath + Partners and in tax matters by EY. The financing will be provided by HSH Nordbank.

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