KanAm Grund Group purchases Kontorhaus office building in Frankfurt

• Growing family of special real estate funds

KanAm Grund Group has purchased the Frankfurt Kontorhaus office building for one of their special real estate funds. The six-floor office building at Mainzer Landstrasse 181, which offers about 6,400 m² of space, is fully let, with Deutsche Bahn being the main tenant. It also houses a large doctors’ surgery specializing in radiology and nuclear medicine and a fast food restaurant. Kontorhaus is located in the Gallus district, a rapidly modernizing part of the central business district which includes the large Skyline Plaza shopping mall, office towers such as Tower 185 and The One as well as the Cap Europa conference venue. It has been agreed to keep the sales price confidential. Westbrook Partners is the seller of the property. The transaction was accompanied by Savills.

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 huge breadth of risk classes with funds following strategies from Core, Core+ and Value Add to Opportunistic. The latest special real estate fund in this family is the KanAm Grund European Cities KI, which has this year already purchased an office building in Lyon.

The Kontorhaus offers six floors above ground and underground parking facilities for 34 cars plus additional car parking facilities outside. Alongside around 6,000 m² of office and 156 m² of restaurant space, it includes 276 m² of storage facilities. Over the past 10 years, Frankfurt, with a growth rate of 16.6%, has been the fastest growing German metropolis, ahead of Munich (+12.8%) and Stuttgart (+9.4%). As continental Europe’s finance capital, Frankfurt is home to a large international airport, around 200 global financial institutions and headquarters of important banks, such as Deutsche Bank, Commerzbank and Deutsche Börse Group.