The KanAm Grund Group has bought a 16,350sqm office building in Wiesbaden for its southern Germany focused fund.
The manager said it has acquired The Wiesbaden Office (TWO) for Fokus Süddeutschland Fonds for an undisclosed sum.
TWO, completed in 2018, is situated in the south-east of Wiesbaden at Abraham-Lincoln-Strasse 44.
The multi-tenant property currently leased almost 100% to five different parties.
The manager said the latest acquisition means that the Fokus Süddeutschland fund has also invested in all three capitals of the southern German federal states.
