In June 2021, Hines, on behalf of the Hines European Core Fund (HECF), acquired the Friesen Quartier, a 25,172 square meter mixed-use building feature six properties in the heart of Cologne, Germany.
Located in a sought after submarket, characterized by large properties and corporate tenants with regional headquarters, the Friesen Quartier provides 12,000 square meters of office space, 7,000 square meters of residential and 2,000 square meters of leisure and retail that will include 460 underground car parking spaces, two day care centers and outdoor areas.