KanAm Grund Group makes a purchase in Marseille

For institutional investors - The office building M-Square is located in the popular Euroméditerranée district

Frankfurt (07.02.2019) – The KanAm Grund Group has acquired the office building M-Square in Marseille for institutional investors. This building is located in the most up-to-date and sought-after district of Euroméditerranée in France's second largest city. M-Square is fully let and is situated in a highly visible location on a corner plot, which will be accessible by car and on foot via "Boulevard de Paris" from the West, "Rue Mirès" from the North and "Rue Peyssonnel" from the East. The only tenant of the 8,900 square meter space with a contract term until 2022 is a French public-law health service institution. Agreement has been reached to keep the sales price confidential. M-Square is the tenth property of a special AIF for institutional investors, which now holds investments in ten locations across seven European countries, including in the cities of Munich, Zurich, London, Den Haag and Luxembourg.

M-Square in Marseille comprises ground floor and six upper levels in the eastern part of the property and eight upper levels in the western part. It also offers two underground levels, providing the 101 parking spaces that are part of the property. Thanks to its prominent corner location and its distinct architecture, M-Square has a very high recognition factor. It is highly visible and recognizable, even from the urban freeway.

After its completion in 2010, the property was let to Agence Régionale de Santé Provence-Alpes-Côte d’Azur (ARSPaca) under a fixed 12-year contract. The offices all offer suspended ceilings and false floors and clear ceiling heights of 2.60 to 2.70 meters. The building is fully air-conditioned. Thanks to the location of the stairway, elevators and sanitary facilities, this property is suitable for complete leasing of all usable space to a single tenant or multi-tenant leasing on different floors. The conceptual design makes it possible to use the areas as open-plan offices or to develop them into individual or combi offices. Floor-to-ceiling windows ensure good natural lighting of the office space.

Marseille is France's second city after Paris, and capital of the "Provence-Alpes-Côte d‘Azur" region on the Mediterranean coast. The metropolitan region is home to approximately 3 million people. Marseille is France's most important port and a major European harbor city. Since the 1990s the city has changed considerably. The urban renewal project Euroméditerranée has created a new center for work and living in an old industrial and port area. This development leads to a shift in the city’s center and thereby the office market. Today, the district of Euroméditerranée is Marseille's central business district. Easy accessibility is ensured by public transport with the Metro station "Désirée Clary", served by the Metro line M2, and the bus stop "Paris Guinot", served by several bus lines, as well as by car via the A55 and A7 motorways heading to Marseille Airport.

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.