Hines’ Pan-European Core Fund Acquires Retail Property, Schlossstrasse 20, in Berlin

(LONDON) – The European headquarters of Hines, the international real estate firm and investment manager, announced today that its Hines Pan-European Core Fund (HECF) has acquired Schlossstrasse 20, a retail property with ancillary office space in Berlin, from the German developer Sedlmayr-Investa Immobilien GmbH. The corner building, located in the Berlin borough of Steglitz, was completed in 2010 and comprises 6,250 square metres (67,274 square feet) on six floors.

The retail part of the property is 100 percent leased to SportScheck, a major German sporting goods retailer, and serves as their Berlin flagship store. Hines Immobilien GmbH, assisted in the acquisition process and will be responsible for asset management. Kemper’s Jones Lang LaSalle Retail GmbH acted in an advisory capacity.

“HECF is entering the Berlin market with the acquisition of this high-quality new building with solid tenancy, and we are pleased to add to the diversification of the existing HECF portfolio with a retail building,” says Co-Managing Director for Hines Germany Christoph Reschke. “The Berlin market plays an important role for the expansion of Hines in Germany, be it for quality acquisitions, well-leased buildings or for new development projects.”

Dr. Michael Hauf, Managing Director of Sedlmayr-Investa said “The sale of this premium product shows that international investors trust in the stability and attractiveness of the Berlin market.

Well-situated, architecturally sophisticated project developments continue to be in demand irrespective of economic cycles.”

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

Schlossstrasse 20 is the fund’s fourth investment in Germany.

In addition to the building in Berlin, HECF has previously acquired the buildings Domkaskaden (Hamburg), Marienstrasse 15 (Frankfurt) and Campus E, Uptown München (Munich).

Hines entered the European market in Berlin in 1991. In Germany, Hines has a total of 600,000 square metres (6.5 million square feet) of projects completed or in the pipeline. Current projects include equity developments including Postquartier at Lautenschlagerstrasse 17 in Stuttgart, high-profile development management projects around Germany and key asset management assignments such as the Sony Center in Berlin which was recently acquired by Hines on behalf of an Asian investor

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,126 properties representing more than 459 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in 106 cities in 17 countries, and controlled assets valued at approximately $23.7 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.

Munich-based Sedlmayr-Investa Immobilien GmbH is the joint project development company of Sedlmayer Grund und Immobilien KGaA (previously Spaten-Franziskaner-Bräu KGaA) and Investa Projektentwicklungs- und Verwaltungs GmbH.

The company focuses on commercial and residential property projects in German city centre locations.