The KanAm Grund Group has bought London office building for a new institutional investment fund.

The company acquired the Princes Court building adjacent to the Bank of England for an undisclosed sum. The seller details were undisclosed.

The tenants of 8 floor London office building include seven different international companies.

The fund recently also made an acquisition in Marseilles.

KanAm Grund Group, which is domiciled in Frankfurt am Main, is founded on experience, independence and expertise. Established in October 2000, specializes in open-ended real estate funds and special funds.

Source: IPE

Fulya Altunyay/ [email protected]