The KanAm Grund Group has acquired an office property in Via Augusta, one of the main streets of Barcelona, for the special real estate fund KanAm Grund European Cities.
Financial details were not disclosed.
The sole tenant of the 18,547 m2 asset is the Generalitat de Catalunya, which includes all of Catalonia's political institutions.
The property benefits from very good visibility and is located in the inner-city district of Sarrià-Sant Gervasi, one of the most prestigious districts in Barcelona. The property was acquired from AXA IM Alts, acting on behalf of clients.
The building, which benefits from 282 car parking spaces, is situated in the inner city L’Eixample district. Thie location, also popular for residential, hospitality and high street retail uses, offers numerous opportunities to repurpose elements of the asset in the future, KanAm said.
As part of the purchasing process in Barcelona, five other properties, which are also part of a portfolio, were brought to market. These properties were acquired by KanAm Grund Kapitalverwaltungsgesellschaft on behalf of the Leading Cities Invest public fund.