LEADING CITIES INVEST NOW ALSO IN THE SCOTTISH CAPITAL OF EDINBURGH

The portfolio now includes 15 properties in major European cities - Negotiations on the next property in the final stages - CashCall remains in place

Frankfurt (10/07/2018) – The LEADING CITIES INVEST (LCI) is growing and diversifying its portfolio to include another major European city. After acquisitions in Brussels, Dresden and London, the real estate fund has made an investment in the Scottish city of Edinburgh. The Greenside office building at 12 Blenheim Place is located in the center of the Scottish capital only a short walk from the main station, and benefits from an historic aspect on to Calton Hill. This five story building, which was originally built by Scottish Equitable for their own occupation in 1989, has undergone comprehensive refurbishment and updating by Scotland-based developer and investor Chris Stewart Group and is currently being used by three tenants. Agreement has been reached to keep the sales price confidential.

The LCI is now invested in 15 properties in Germany, Belgium, France and Great Britain. With negotiations for another property about to be completed, the CashCall for the LCI remains in place. The first new generation real estate fund for private investors concluded the last business year at 3.3 percent.

The Scottish capital of Edinburgh is a center for government and administrative institutions. Around a third of the jobs in this city, home to a population of 500,000 inhabitants, are in the public sector and government administration, followed by the financial sector and the services, information technology and communications industry closely linked with these sectors. After London, Edinburgh is the most important location of the financial services industry in Great Britain, with around 35,000 people in Edinburgh employed by the banking and insurance sector alone.

The three tenants of the centrally located office building Greenside are a software development company working for financial consultants, the management unit of one of Great Britain's largest onshore wind park portfolios and a technology company specializing in the development of autonomous driving software. The building includes outdoor and indoor car parking spaces as well as bike storage space and shower and changing facilities. Greenside is in close proximity to Edinburgh St James which is currently being redeveloped and extended. By 2020 this area is to include retail outlets, a luxury hotel with over 200 rooms, a multiplex cinema, 250 apartments and 30 restaurants on an 80,000 square meter site.

About the KanAm Grund Group
The KanAm Grund Group has handled a transaction volume of over USD 31 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 from a German real estate fund issuing company 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.