KanAm buys state-leased offices in Wiesbaden

KanAm buys state-leased offices in Wiesbaden

Published at: 2019-05-08 10:52 | Author: CIJEurope.com
KanAm Grund Group has purchased Europahaus, a property located in Wiesbaden, Germany, for institutional investors. The 3-part property is leased to the German state of Hesse under a long-term lease until 2032. The tenancy agreements for five retail premises on the ground floor as well as a restaurant are for shorter terms. The property includes 25 outdoor parking spaces and an underground parking area with 139 spaces within the building complex. The first building, containing three upper levels and one lower level, was originally built in 1920 and refurbished in 1997, when the two newer parts of the property were built. Europahaus is located in the similarly named Europaviertel (European quarter), which is home to a high density of public administration buildings and residential properties. The price paid to the private Danish vendor is being kept confidential. Jones Lang LaSalle SE acted as exclusive agent for the transaction.

Similar Stories:

Skanska sells Nordic Light Trio office building in Budapest
Skanska has sold its Nordic Light Trio office building in Budapest to JR AMC, a South Kore  »
LSG Group sells Hagi Ghita office building in Bucharest
A multinational company active in the industrialized agricultural production sector has ac  »
Czech investment market rebound could mean €3bn in 2019
Despite repeated claims that the real estate market boom is nearing its end, volumes on th  »
Savills appointed property manager of Wrocław Business Garden
Savills has been appointed property manager of Wrocław Business Garden. Once it's co  »
With demand for modern office space in Athens growing on a daily basis, developers and inv   »
HB Reavis broke into the big leagues by being aggressive on rents, building office space t   »
How would you describe the tenant mix at Mindspace? Co-working is a solution that takes i   »
You’re part of the HB Reavis group, which is an increasingly powerful player in office d   »