Warburg-HIH buys part of Darmstadt’s Europa-Arkaden
Warburg-HIH Invest Real Estate has bought a section of the Europa Arkaden in Darmstadt. The office building is to be added to the Spezialfonds Deutschland Selektiv Immobilien Invest. The seller of the property in the Europaviertel across from Darmstadt’s main station is Schroder Property Investment Management, who had bought the asset with roughly 8,000 sqm total lettable space and 93 underground parking spaces in 2004 for a fund of Zurich Invest AG. With a lease rate of 91 %, the multi-tenant building still offers re-letting potential. Main tenant is worldwide project manager Arcadis.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.