LEADING CITIES INVEST sells at a profit in Munich
- Share price rises by around 1 euro, current performance is 4 percent
- MNext CashCall starts at end of May
Frankfurt (17.05.2019) – The LEADING CITIES INVEST public fund has made a successful property disposal in Munich, resulting in a KanAm Grund Fund share price rise of about 1 euro and a current performance increase to 4 percent. The next CashCall is already scheduled for the end of May. The KanAm Grund Group open-end real estate fund was established about 5 years ago, and this is the second property it has disposed of. The new generation open-end real estate fund has been ensuring its investors benefit from continually positive performance exceeding 3 percent per annum for more than 5 years. The aim for 2019 is to also achieve this performance target. It has been agreed to keep the sales price of the Munich property confidential. The first building, which also sold very successfully, was situated in Hamburg.
LEADING CITIES INVEST continuous to enjoy an unchanged period of growth, but it is also important to exploit market opportunities to the advantage of investors during this phase. With a portfolio of 21 properties, LEADING CITIES INVEST has already invested in 15 locations in Germany, Belgium, France, the United Kingdom and Switzerland. This real estate portfolio is notable for its successful diversification, ranging from offices, industry/logistics and retail/gastronomy to the hotel business, doctor's surgeries and medical services and leisure facilities, all 100 percent leased.
The LEADING CITIES INVEST takes advantage of the growth potential of future-oriented cities with a high potential for further development and harnesses it for private investors. With the City-score and the Property Selection Model (PSM), KanAm Grund applies two research and portfolio models that were developed in-house, in order to identify promising real estate markets and properties for LEADING CITIES INVEST. The two models work hand in hand and, in all recent transactions, offered important data on quality and expected performance. The newly developed G-Score Model is a further optimization of this approach specifically for Germany.
About the KanAm Grund Group
The KanAm Grund Group has handled a transaction volume of over 32 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.
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.