German fund manager Kanam has announced that its Kanam Spezial grundinvest fund has acquired the Class A Broadway One office building in Glasgow. The financial details were not disclosed. The long-term tenant for the entire building is financial institution Tesco Personal Finance, which has been awarded a top '5A1' rating by rating agency Dun & Bradstreet. The 11,700-m[sup]2[/sup] property, which was completed in May 2009, is part of The Broadway developed by IVG Development and Ediston Properties. King Sturge acted for Kanam in the transaction.
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