US developer and investor Hines has acquired the Stonecutter Court office complex located on a full city block on Farringdon Street in the heart of London from Shalati Investments Limited, a partly-owned subsidiary of Delek Global Real Estate. The acquisition amounts to around £91 mln (EUR 104 mln) and is being funded with proceeds from Hines Global REIT's public offering along with a £57 mln five-year debt facility from Landesbank Baden-Württemberg.
Premium subscriber content – please log in to read more or take a free trial.
