German fund manager Kanam has announced that its Kanam Spezial grundinvest fund has acquired the Class A Broadway One office building in Glasgow. The financial details were not disclosed. The long-term tenant for the entire building is financial institution Tesco Personal Finance, which has been awarded a top '5A1' rating by rating agency Dun & Bradstreet. The 11,700-m[sup]2[/sup] property, which was completed in May 2009, is part of The Broadway developed by IVG Development and Ediston Properties. King Sturge acted for Kanam in the transaction.
German fund manager Kanam has announced that its Kanam Spezial grundinvest fund has acquired the Class A Broadway One office building in Glasgow. The financial details were not disclosed. The long-term tenant for the entire building is financial institution Tesco Personal Finance, which has been awarded a top '5A1' rating by rating agency Dun & Bradstreet. The 11,700-m2 property, which was completed in May 2009, is part of The Broadway developed by IVG Development and Ediston Properties. King Sturge acted for Kanam in the transaction.