KanAm Grund Group makes a purchase in London

For institutional investors - The Princes Court office building is located adjacent to the Bank of England - The KanAm Grund Group family of funds for institutional investors keeps growing

Frankfurt (14 February, 2019) – The KanAm Grund Group is continuously expanding their portfolio for institutional investors. The latest property the Frankfurt-based company purchased for an institutional investment fund is Princes Court, an 8-floor office building adjacent to the Bank of England, let to tenants from the international banking and finance sector in the traditional center of the City of London. Over the past six months, this new fund alone made purchases in Marseilles and now for the second time in London. The new fund joins a growing family of specialized institutional funds by the KanAm Grund Group, including the Fokus Süddeutschland and other KanAm Grund funds with investments not only in Germany but throughout Europe. The real estate of these funds is located in France, the United Kingdom, Belgium, the Netherlands, Luxembourg, Switzerland and Germany.

Princes Court is located around 400 meters from the London City Wall. The vicinity of the building is home to major tenants including ING, BlackRock, Bank of China, Deutsche Bank and Commerzbank. With approximately 4.3 million employees and accounting for 37% of the global foreign exchange market, the City of London remains one of the world's leading centers of the global banking and insurance trade. Turnover from tenancies in the City of London in the third quarter of 2018 rose by about 18% over the 10-year average. Demand for space to let is mostly driven by financial and insurance institutions, which generated approximately 20 percent of the area turnover. Even after the Brexit vote, the market for office space is highly resilient and in 2017 was 27% above the 10-year-average.

The tenants of Princes Court fit into this mix, they include seven different international companies from the financial services sector, such as Bank of China, Korean Kookmin Bank Co. Ltd, Turkey's largest bank Turkiye Is Bankasi AS and both American and British investment and stock exchange companies like Sun Trading International Ltd., Hudson River Trading Europe Ltd. and SVS Securities Plc.. The building was extensively refurbished in 1996. It has been agreed to keep the sales price confidential.

More of these specialist funds for semi- and professional institutional investors are being prepared by the KanAm Grund Group. Clients investing in this KanAm Grund Group family of funds include banks with their depot A investments, enterprises and church assets, pension funds and High-Net worth family assets.

About the KanAm Grund Group
The KanAm Grund Group has handled a transaction volume of over USD 32 billion since it was established in October 2000. The owner-managed company focuses on the individual needs of German and international investors, with the geographical emphasis being in Europe and the United States.
In order to set it up strategically to face the challenges of the future, the company was reorganized into three business divisions under the umbrella of the KanAm Grund Group: KanAm Grund Kapitalverwaltungsgesellschaft (an open-end real estate fund), KanAm Grund Institutional Kapitalverwaltungsgesellschaft (a special real estate fund) and the new KanAm Grund REAM (international investment & asset management advisory). The aim of this strategic repositioning is the continuous development of the KanAm Grund Group into an international real estate enterprise which provides real estate investment and asset management services to German private investors, institutional investors and international investors alike, irrespective of the investment vehicles involved.