Benson Elliot buys Nikko hotel in Dusseldorf for EUR 114 mln

British investment company Benson Elliot Capital Management has acquired the German-Japanese Center in Dusseldorf, which contains the Nikko Hotel, for EUR 114 mln. The property has been added to the Benson Elliot Real Estate Partner II fund, German property newspaper Immobilien Zeitung said. Apart from the five-star hotel, the complex includes 13,000 m[sup]2[/sup] of office and retail space. The majority of the lettable area is leased to luxury retailer Mitsukoshi.

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