Kanam's Special grundinvest funds has acquired the Pulsar office building in the 8th arrondissement of Paris for almost EUR 18 mln. Dating from 1892, the 1,810 m[sup]2[/sup] building was refurbished in 2008 and has long-term leases with good-quality covenants, the German open-ended fund manager said in a press release.

Kanam's Special grundinvest funds has acquired the Pulsar office building in the 8th arrondissement of Paris for almost EUR 18 mln. Dating from 1892, the 1,810 m2 building was refurbished in 2008 and has long-term leases with good-quality covenants, the German open-ended fund manager said in a press release.

One of the three retail tenants is Starbucks Coffee France which has a lease running to 2019. The office leases run until 2017. The main tenant is consulting firm Krauthammer International.