The Orion IV European 22 S.a.r.l. and Orion European Real estate fund IV have acquired the “Lilien Carre” located in Wiesbaden from BGP Insolvenzverwaltungen. The property comprises a total of 36,000 sqm GLA and a 2-storey shopping center with 25,000 sqm of retail area,1,200 parking spaces and over 50 tenants. Also within the property are a 186 room Motel One and an office building. The parties will not disclose the price agreed to in the deal, in which the vendor was represented by Savills.
