KanAm Grund Group purchases the Europahaus property in Wiesbaden

German federal state of Hesse as the maintenant - The KanAm Grund Group family of funds for institutional investors continues to grow

Frankfurt (07 May, 2019) – KanAm Grund Group has purchased the Europahaus property in Wiesbaden for institutional investors. The entire office space of the three part property is let to the German state of Hesse under a long-term lease until 2032. The tenancy agreements for the five retail premises and a restaurant on the ground floor of the property at the corner of Walter-Hallstein- and Schiersteinenstrasse/Konrad-Adenauer-Ring are for shorter terms. The property includes 25 outdoor parking spaces and an underground parking area with 139 spaces within the building complex. The first building, containing three upper levels and one lower level, was originally built in 1920 and refurbished in 1997, when the two newer parts of the property were built. The two new buildings comprise four upper and two lower levels and house the underground parking area. Most recent refurbishing touches were added in 2017.

Europahaus is located in the similarly named Europaviertel (European quarter), which is home to a high density of public administration buildings and residential properties. The closest bus stop is located right outside the building. Wiesbaden central station is only a short bus ride away. From there, local transport connections offer services to Mainz, taking 12 minutes, and to Frankfurt central station, taking 33 minutes. The closest motorway is a mere 2 minutes away.

It has been agreed to keep the sales price confidential. The property was sold by a Danish private investor, represented by the law firm Groenewold Tiedemann Griffel, and the company's experienced Asset Manager, Vista Venture AG, Berlin. Jones Lang LaSalle SE acted as exclusive agent for the transaction.

The acquisition fund for institutional investors joins a growing family of specialized institutional funds by the KanAm Grund Group, including the Fokus Sueddeutschland 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. 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 more than 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 significant growth of the KanAm Grund Group, as 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.