11 August 2017
Frankfurt
Reporter: Theo Andrew

KanAm targets Germany's economic triangle with €500 million real estate fund


The KanAm Grund Group has launched a new fund, Fokus Süddeutschland, and made its first acquisition as it looks to raise €500 million.

The fund will seek to acquire office, retail, hotel and residential properties in Germany’s economic triangle of Munich, Stuttgart and Frankfurt.

According to KanAm, Fokus Süddeutschland will raise its funds in two years and will target an annual performance of 4 to 5 percent.

The fund has already acquired a shopping centre in Frankfurt, a 9,000-square metre asset in the main shopping district and is in talks to secure its next property in Stuttgart.

The Frankfurt-based retail asset is 99 percent let to seven companies.

The group hopes to benefit from Southern Germany’s strong economic indicators, with the economic triangle accounting for 44 percent of the office space and 61 percent of the investment volume into Germany’s biggest seven cities.

Last year, KanAm restructured itself into three divisions, an open-ended real estate fund, a specialist real estate fund and an international investment and asset management advisory.

KanAm hopes the move will make it more attractive to international investors.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Standard Chartered boosts CRE team
11 December 2017 | Singapore | Reporter: Stephanie Palmer
Standard Chartered has named Steven Cranwell as global head of commercial real estate for its global banking business
SoftBank and Compass in ‘largest ever’ US real estate tech investment
08 December 2017 | New York | Reporter: Stephanie Palmer
Real estate technology firm Compass has won $450 million in investment from the SoftBank Vision Fund, in what Compass has called the largest ever real estate technology investment deal in US history
Tristan fund makes first foray into Germany
07 December 2017 | Bonn | Reporter: Stephanie Palmer
The CCP 5 long-life fund, a core-plus fund advised by Tristan Capital Partners, has made its first investment in Germany, acquiring an office complex in Bonn for €35 million
JLL develops UK corporate solutions team
07 December 2017 | London | Reporter: Stephanie Palmer
JLL has named Sue Asprey Price as lead director of its corporate solutions business in the UK, with immediate effect
Link Asset Services appointed as real estate fund administrator
06 December 2017 | London | Reporter: Stephanie Palmer
Warehouse REIT, a specialist warehouse investor managed by Tilstone Partners, has selected Link Asset Services for fund administration
Dutch portfolio sold for €200 million
05 December 2017 | Amsterdam | Reporter: Stephanie Palmer
Patrizia Immobilien AG has sold a portfolio of 61 residential properties in the Netherlands, for around €200 million
Allianz tops off bumper 2017 with Broadway acquisition
04 December 2017 | New York | Reporter: Stephanie Palmer
Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway, New York, a class-A building valued at $1.95 billion