30. Juli 2010 
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Europa Fund II completes sale of “Hofgarten Palais”
Europa Capital LLP, the general partner of Europa Fund II, announced that, following the signing of agreements in May, completion has now taken place of the sale of “Hofgarten Palais”, Düsseldorf to Union Investment Real Estate GmbH for its open-ended property UniImmo: Europa. The 14,000m2 office development in Central Düsseldorf has been sold by Europa Fund II’s Luxembourg subsidiaries for a price in the region of €60 million.
Lease-up of the prestigious building, located adjacent to the City’s Hofgarten, continues to progress with Douglas Cosmetics GmbH being the latest company to commit to office space at the property and to join Management Engineers, Gleiss Lutz, Catella and SThree who are already in occupation.
Development management of the project has been undertaken by PBG Frankfurt. BNP Paribas Real Estate GmbH and Catella Property Advisors GmbH acted for the Vendor in an advisory capacity.
Lease-up of the prestigious building, located adjacent to the City’s Hofgarten, continues to progress with Douglas Cosmetics GmbH being the latest company to commit to office space at the property and to join Management Engineers, Gleiss Lutz, Catella and SThree who are already in occupation.
Development management of the project has been undertaken by PBG Frankfurt. BNP Paribas Real Estate GmbH and Catella Property Advisors GmbH acted for the Vendor in an advisory capacity.
