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KanAm launches RE fund to invest in southern Germany

11 August 17 - Irene Theofanidou
KanAm launches RE fund to invest in southern Germany

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KanAm Grund has launched a real estate fund to invest in southern Germany and hopes to raise €500million from institutional investors.

 

The German fund manager said it had already bought an in asset Frankfurt am Main for the fund and was in the process of acquiring another property in Stuttgart, according to realestate.ipe.com.

KanAm did not disclose how much capital had been raised, but the two transactions are understood to require close to €100million of equity.

The first acquisition was a 99%-leased shopping centre in Frankfurt’s Höchst district on the site that used to host a Hertie department store, with a ground area of 9,000sqm.

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