Hines’s Pan-European fund makes Hamburg debut

    The Hines Pan-European Core Fund (HECF) has acquired its first asset in Hamburg, northern Germany.   The building, Domkaskaden, is located in the heart of Hamburg’s CBD on Domstrasse. HECF acquired the building from German developer Quantum Immobilien AG.   Deutsche Schiffsbank is the anchor tenant in the building, which is 98% leased.   Designed by Schenk & Waiblinger, the 12-storey scheme comprses 8,000 sq m  and was completed in 2009.   Hines Immobilien, which advised on the acquisition process, will be responsible for asset management.