HCI Capital: Office building in Florida sold to Transwestern
Hamburg-based HCI Capital has sold “Douglas Entrance,“ an office building that was part of its US property fund portfolio HCI USA I, to US property investment company Transwestern. The property in question was a Class A office building in Coral Gables, Florida. The price amounted to US$126.25mn. After a fund duration of around three years, the fund company will provide investors with a return quota, including already paid dividends, of 166%. After capital expenditure deductions, including surcharge, a result of around 20.3% per year was achieved.