KanAm Grund Group’s Leading Cities Invest public fund has acquired a commercial and office building on the Avenue Notre Dame in Nice.
The commercial and office building at 22/26 Avenue Notre Dame, including outdoor parking spaces, is currently fully let to eleven companies and shopping outlets. The five-story building is only 300 meters from the TGV station Nice-Ville in the Jean Médecin Quarter.
A mixed area of office and residential buildings, that offers a home to some of the biggest national and international brands. The main shopping street is directly adjacent to the building. It has been agreed to keep the sales price confidential.
Leading Cities Invest the first new generation open-end real estate fund for private investors, now holds investments in 16 locations across five countries and has appreciated by more than 17 percent in value since it was issued some 5 years ago.
”The fund management will continue to follow the guiding principles of this sustainable return of at least 3 percent per year with maximum possible security in 2019.” said in statement. ”As they are already approaching final negotiations for further suitable properties, the CashSTOP will be lifted at the end of May.”
Source: KanAm Grund Group