KanAm Grund Group's Leading Cities Invest fund has acquired a mixed-use asset in the French city of Nice.
Financial details were not disclosed.
The five story office building, which also features retail units, comprises five storeys and is fully let to 11 domestic and international firms and brands. It includes outdoor parking spaces.
The property is located 300 metres from the Nice-Ville TGV station in the Jean Médecin district.
The deal means that the Leading Cities Invest fund is now invested in 16 locations across five countries. KanAm Grund said that the fund had already recorded a return of more than 17% since its launch over five years ago and was in the process of identifying its final deals.
With around 340,000 inhabitants, Nice is the second largest city in the Provence-Alpes-Cote d'Azur region, after Marseille.
