KanAm Grund clears key hurdle for first redevelopment project in City of London
Frankfurt-based KanAm Grund Group has secured a resolution to grant planning consent from the City of London for Princes Court, its first redevelopment project in London. The original 1960s building is located at 7 Princes St. in the heart of the City’s financial district. Located directly opposite the Bank of England, and next to the luxury hotel The Ned and Grocer's Hall, the office building was acquired by KanAm Grund in early 2019.
Olivier Catusse, managing partner of KanAm Grund, said: "We have made a deliberate strategic change within the organization in the past 18 months and strengthened our development team throughout Europe in order to not only acquire and manage high-quality real estate for our investors, but also to be able to actively participate in its creation — in this case through redevelopment. We will soon start with the implementation of the project, which reflects exactly what we have set as our corporate goal: to offer sustainable real estate with at