23.01.2020

KanAm Grund Group launches a new special fund

  • The KanAm Grund European Cities KI is aimed at banks and savings and loans institutions
  • The investment focus lies on office properties in Western Europe
  • First purchase is an office property in Lyon

KanAm Grund Group adds the KanAm Grund European Cities KI to its family of real estate special funds for institutional investors and has purchased the first property in Lyon from BNP REIM. This new special fund is aimed specifically at the requirements of banks and savings and loans institutions. The first property of the fund is the CEGID 52 Quai Paul Sédallian property in the Vaise district of Lyon. This office property consists of six inter-connected office building parts with a total area of 14,172 square meters and is fully let to Cegid SA, a company founded in 1983, which provides worldwide cloud services and management software to private companies and the public sector. It has been agreed to keep the sales price confidential. The KanAm Grund Group is currently serving institutional investors with a growing family of special funds, both in line with German and Luxembourg laws as well as separate account mandates. The KanAm Grund Group thus covers a wide range of risk classes with funds following strategies from Core, Core+ and Value Add to Opportunistic. 

The investment focus of the new special fund KanAm Grund European Cities KI lies on office properties with an addition of approximately 10 % retail, hotel, living and logistics. Thereby aiming to build a balanced portfolio with a property mix of high-quality and sustainable Core and Core+ properties to ensure a continuous and stable dividend yield. The main focus will be on France, Belgium, Luxembourg, Austria, Switzerland, Spain and Great Britain, with possible additions from Scandinavian countries, Poland, Portugal or the Czech Republic. The new special real estate fund is currently designed for a total investment volume of around EUR 400 million and an investment horizon of 8 to 10 years, depending on market conditions.

Some of the modern offices at CEGID in Lyon are designed as open-plan and some as cellular offices. The building can be split into several separate tenancy units both horizontally and vertically. Thanks to its existing central entrance hall, the property can be used as a multi-tenant building without requiring any restructuring. There are underground parking facilities offering 397 spaces and 23 parking spaces outside. The building complex has good transport connections, is located near a ring road and also easy to reach via a well-developed network of safe cycle paths. The tenant, the international company Cegid, employs 2,400 staff in 75 countries and serves clients both nationally and internationally with around 135,000 websites.

Lyon, home to about 520,000 inhabitants, is France’s third largest nucleated city after Paris and Marseille. The urban agglomeration with over 2 million inhabitants is the country’s second biggest urban area after Paris. The city’s economy is predominantly shaped by the manufacturing and service industries. The Vaise district to the north of the city center is a mixed area of residential, business, leisure and retail properties. Hotels and sports clubs complement what is on offer. The district is defined by its continuous development.

 

 


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