Frankfurt-based KanAm Grund Group carried out more than €3 bn of real estate transactions across Europe and North America and paid out almost €1 bn in dividends to its institutional and private investors during 2016.
KanAm said in a statement that it developed 'from a German real estate fund issuing company' to 'an internationally active real estate enterprise' in 2016. The goal of becoming an international real estate investment, consulting and asset management firm for private and institutional investors is now largely completed, the company added.
The group purchased real estate for a value of more than €1.2 bn in seven European countries last year, mainly for institutional customers and funds, but also for its own private investors in Frankfurt and Munich.
Divestments of more than €2 bn were concluded across Europe and in Canada as part of the liquidation of its open-ended funds. The liquidation of KanAm grundinvest Fonds, one of the largest open-ended real estate funds in Germany for private investors, has largely been completed. Some 95% of its assets have now been sold, with over €6 bn of the fund being liquidated.
KanAm Grund Group participated in 24 public bidding processes during the year, whether for its own portfolios or on behalf of clients, and also initiated off-market acquisitions in 'difficult international real estate markets', the statement said. Some 70,000 m2 of mainly office premises were leased, with half involving new tenancies.
The group entered 2017 with €3.6 bn of assets under management, almost two thirds of which was either managed for the group's own institutional funds or was being asset managed on behalf of third-party clients.
'In addition to enhancing the value of individual portfolios, KanAm Grund Group paid dividends every working day to both private and institutional investors exceeding €4 mln, or more than €1 bn over the entire year,' KanAm said. Based on the performance, FERI EuroRating Services awarded KanAm Grund Group an 'excellent' (AA) rating.
The independent, owner-managed KanAm Grund Group is headquartered in Frankfurt am Main and has another four offices in London, Paris, Luxembourg and Atlanta in the US. It also runs a Chinese desk. KanAm Grund Real Estate Asset Management (REAM) manages properties in the US, Canada and in western European countries for its customers including institutional investors from Korea and international asset managers.
In the German institutional business, which is also operated by KanAm Grund Institutional KVG and with the organization's own funds, the acquisition and management of a new fund with a target value of €500 mln has already been agreed with a group of investors.
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PropertyEU's ranking of Top 100 Investors based on 2016 European real estate investment transactions is published in March
