21.10.2021

KanAm Grund Group acquires a new building in Barcelona

  • Office building is located in the 22@ district
  • Targeting sustainability certification LEED Gold 

The KanAm Grund Group has acquired a company that owns a recently completed modern office building in Barcelona for one of its specialized real estate funds in a share deal. The property with around 8,400 square meters 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 retailers. In addition to the envisaged 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 portfolio for institutional investors. In addition to Spain, this specialized real estate fund is also 84.8 percent invested in office properties, in the United Kingdom, Switzerland, France, the Netherlands and Germany. The parties have 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 Sant Martì district of Barcelona, which was nicknamed "Catalan Manchester" for a long time. Since the 1992 Olympics, however, the district, which is close to the city center, received the decisive modernization impetus and was optimally connected to the business center, the airport and the seaport with the amended 22@ master plan.
 
The Europe Select is part of a family of now eight specialized real estate 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.

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