KanAm Grund Group acquires a new building in Barcelona
The KanAm Grund Group has acquired a company that owns a recently completed modern office building in Barcelona for one of its special real estate funds in a share deal. The property with around 8,400 sqm of rental space is located on Carrer de Tànger 36, one of the coveted main office axes in the submarket of the 22 @ district in the city center of the Catalan capital. The tenant is the Spanish branch of one of the world's largest online retailer. In addition to the announced LEED Gold sustainability certificate, the property already has positive sustainability aspects such as its central location and very good connection to local public transport, as well as being easily accessible on foot and by bicycle. The property is part of the Europe Select Fund portfolio for institutional investors. In addition to Spain, this special real estate fund is 84.8 percent invested in office properties, in Great Britain, Switzerland, France, the Netherlands and Germany. Its agreed not to disclose the purchase price.
With around 1.66 million inhabitants, the city of Barcelona is the second most densely populated metropolis in Europe after Paris, and the province of Barcelona is the most industrialized region in Spain. The 22 @ district is located in the former industrial area of Poblenou in the San Martin district of Barcelona, which has long been nicknamed "Catalan Manchester", optimally connected to the business center, airport and seaport.
The Europe Select Fund is part of a family of now eight real estate special funds of the KanAm Grund Group for institutional investors. The Frankfurt-based KanAm Grund Group is continuously expanding these portfolios for institutional investors. Depending on the individual investor's strategy, the KanAm Grund Group offers investments in office, hotel, retail and logistics in the core, core plus, value add and development risk classes: in Germany, Europe and North America. The customers of this KanAm Grund Group fund family include banks with their Depot A investments, companies and church assets, pension and pension funds as well as high-net worth family assets.
