Frankfurt-based KanAm Grund Group has acquired a 21,000 square meter real estate portfolio in the Spanish business metropolis Barcelona, comprising a total of 7 office buildings for an institutional investor.
All the buildings are very centrally located in the inner city and are let to the Generalitat de Catalunya, the institution under which the autonomous community of Catalonia is politically organized.
The properties of the portfolio bought by the AXA insurance group for the KanAm Grund Group real estate special fund for an undisclosed sum.
The properties include Carrera 12-22, Paral.lel 71-73, Roger de Flor 62-68, Portal de Santa Madrona 6-8, Pl. Pere Coromines 1, Puig i Xoriguer 11-13, Doctor Joaquin Pou 8. Sole tenant of all seven properties is the Generalitat. It has been agreed to keep the sales price confidential.