KanAm Grund Group has completed 14 real estate transactions over 800 Mio. €
- Scope Asset Management Rating upgraded to AA-
Frankfurt, 25/06/2019 – In the first half of 2019, the activities of the KanAm Grund Group have significantly intensified, completing a total of 13 real estate acquisitions and one sale in 10 different locations across 6 European countries. The international real estate company from Frankfurt has thus already achieved a transaction volume of over 800 million euros. This volume has been reached by closing almost 2 ½ transaction a month on average in the first half of the year. In the private investors' segment these included the purchases of the Prado property in Marseille, Renaissance in Warsaw and the European Headquarters of Chiquita at Lake Geneva for LEADING CITIES INVEST (LCI). The Munich Accor headquarters was sold for the LCI public fund. Most purchases, however, were made in the institutional investment sector. In this sector, KanAm Grund Group made investments in Paris, London, Edinburgh, Marseilles, Nice, Munich, Frankfurt and Wiesbaden. Correspondingly, the renowned rating agency Scope upgraded KanAm Grund Group's Asset Management, attesting that the group has continuously expanded its offering in line with the organisatorial restructuring that has taken place since 2014, successfully transforming it from a German real estate funds issuing company to an international funds and real estate asset manager.
Scope upgraded KanAm Grund Group's Asset Management Rating from A+ AMR to AA- AMR, attesting to the KanAm Grund Group’s "exceptional quality and expertise in real estate asset management". It was said that the growth in assets under management was resulting from both the public fund business with the LEADING CITIES INVEST and the expansion of the existing as well as the inception of new special AIFs. "They were also able to continuously expand their customer base, consisting of institutional investors from Asia, France and Germany and German private investors." The KanAm Grund Group is currently serving institutional investors with five special funds (and one more about to be launched), one Luxembourg fund as well as separate account mandates. The KanAm Grund Group thus covers a huge breadth of risk classes with funds following strategies from Core, Core Plus and Value Added to Opportunistic. Five further special AIFs are scheduled to be added to the offering by the end of 2020. As Scope points out, these new products are evidence of KanAm Grund Group's consistent implementation of its strategy for institutional growth.
Since it was established, KanAm Grund Group has handled a transaction volume of over 32 billion US dollars. 2018 alone saw 27 individual transactions concluded and 187 tenancy agreements extended, or, in the case of 76 of them, newly signed. In line with the new growth objectives, the number of highly qualified staff has also seen an increase of around 20 percent in 2018/2019. In investment management, institutional sales and also bookkeeping, finance and accounting, marketing and IT, staffing levels have been adjusted to lay the foundations for an increase in business transactions. In line with this growth strategy, the international real estate company has also signed a lease for a new home in the Frankfurt OMNITURM. The move to the Frankfurt banking district is scheduled for late 2020.
About the KanAm Grund Group
The KanAm Grund Group has handled a transaction volume of over 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.