KanAm Grund Group has launched new real estate fund with a target investment volume of €500m. The fund will provide institutional investors with access to the residential real estate market in southern Germany, including cities like Munich, Stuttgart and Frankfurt. The fund has already made its first investments. It acquired a 9,000 sqm shopping center in Frankfurt’s Höchst district. The property is 99 percent leased to seven tenants. The second investment was secured in Stuttgart.
