KanAm Grund launches new €500m real estate fund
The KanAm Grund Group has launched the Fokus Süddeutschland fund, a new real estate fund to invest in Germany’s strongest economic regions in the Munich-Stuttgart-Frankfurt triangle.
Through the next two years, KanAm Grund seeks to raise €500 million ($590 million) in total equity commitments for the new fund. The fund will invest in office, retail, hotel and residential properties. The fund’s management team conducts a qualitative and quantitative analysis in order to pick suitable properties in its target region, according to a statement.
KanAm Grund has already bought an asset in Frankfurt am Main for the fund and was in the process of acquiring another property in Stuttgart. The fund first bought its way into high-street shopping with its first property acquisition being a shopping center built on the former Hertie site in the only pedestrian zone and main shopping street in Frankfurt-Höchst. Offering an area of around 9,000 square meters, 99 percent of thi