trending Market Intelligence /marketintelligence/en/news-insights/trending/vwnghiy0hlcxflhnwrpggw2 content esgSubNav
In This List

KanAm Grund Group launches 1st German property development fund

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


KanAm Grund Group launches 1st German property development fund

KanAm Grund Group closed the first fundraising round for its inaugural German property development fund, which has a target of more than €500 million.

The KanAm Grund German Development Fund will invest in micro-apartments, residential properties, student housing, boarding houses and offices. Its first project, in partnership with German property developer pantera AG, involves 121 micro-apartments in Esslingen, comprising about 4,000 square meters of gross floor area and costing around €30 million.

The project is expected to be completed in 2020, and the fund has a pipeline of more than 1,300 micro-apartments in nine locations.

The fund has a three-year investment horizon and an existing investor base of mostly family offices. KanAm Grund Real Estate Asset Management GmbH & Co. KG is the fund's investment adviser, and Warburg Invest Luxembourg SA is its alternative investment fund manager.