27.08.2019

LEADING CITIES INVEST MAKES A PURCHASE IN FRANKFURT WESTEND

Late 19th century villa leased 100 % to private bank - TConsistent fund performance of 3 % + p.a. for 5 years

Frankfurt (27.08.2019) – LEADING CITIES INVEST (LCI), part of the KanAm Grund Group, has purchased real estate in Frankfurt Westend. The property at Liebigstrasse 6 is a villa from the Wilhelminian period which dates back to 1900, was rebuilt and raised after the Second World War and radically transformed in the 1980s. The building is located on a 581 m² site and has 5 storys (including the ground floor and attic). The private bank M.M.Warburg & CO (AG & Co.) KGaA, which primarily caters for wealthy private clients, has leased the historic villa for its Frankfurt branch. It has been agreed that the sales price of the villa used as an office building will be kept confidential. For more than 5 years, the first open-end real estate fund of a new generation, LEADING CITIES INVEST, has consistently performed at over 3 percent per annum for its investors. It is envisaged that this target performance will also be achieved for 2019.

Well known for its business character, Westend is located in Frankfurt's inner city and served by an appropriately convenient infrastructure. The Westend and Alte Oper subway (U-Bahn) stations can be reached within 5 minutes on foot, and the Taunusanlage commuter train station (S-Bahn) is only an 8 minute stroll away. In addition, Westend is noted as one of the most elegant residential districts in the city, characterized by a combination of historic Wilhelminian edifices and contemporary project developments in the midst of Frankfurt, the continental European financial capital that plays host to around 200 international financial houses.

LEADING CITIES INVEST takes advantage of the growth potential of future-oriented cities with a great capacity for further development and harnesses it for private investors. With the City Score and Property Selection Model (PSM), KanAm Grund exploits two research and portfolio models developed in-house to identify promising real estate markets and properties for LEADING CITIES INVEST. The two models work hand in hand and, in all recent transactions, have provided important data on quality and anticipated performance. The newly developed G-Score Model is a further optimization of this approach specifically refined for Germany.

Transformation of the existing energy supply to be more sustainable means that LEADING CITIES INVEST will save 646 tonnes of CO2 every year. In the current real estate fund rating of the Scope rating agency, the excellent quality of LEADING CITIES INVEST was distinguished for the third consecutive time with an a+AIF rating, and the asset management rating of the KanAm Grund Group was raised to AA-.

With a portfolio of 24 properties, LEADING CITIES INVEST has already invested in 16 locations in Germany, Belgium, France, the United Kingdom, Switzerland and Poland. This real estate portfolio is notable for its successful diversification, ranging from offices, industry/logistics and retail/gastronomy to the hotel business, doctors' surgeries and medical services and leisure facilities, all 99,9 percent leased.

About the KanAm Grund Group
The KanAm Grund Group has handled a transaction volume of over 33 billion US dollars 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. The company is now strategically organized 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 KanAm Grund REAM (international investment & asset management advisory). Since its strategic repositioning, the KanAm Grund Group, as an international real estate enterprise, provides real estate investment and asset management services to German private investors, institutional investors and international investors alike, irrespective of the investment vehicles involved.


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