The KanAm Grund Group has bought the 9-storey L’Albero office building in France from KEYS Group for an institutional fund.

KanAm bought the fully let 10,800sqm building for an undisclosed amount. L’Albero is let to AKKA Technologies.

The L’Albero, in Guyancourt, was built in 1978 and fully refurbished by the KEYS Group and B&C France just over a year ago.

With the purchase of this property, KanAm’s institutional real estate fund now holds investments in 12 properties in 11 locations within 6 countries – France, the Netherlands, Germany, Luxembourg, Switzerland and the UK.