E+H advised the German real estate investor KanAm Grund Group (KanAm) on the purchase of the last-mile logistics hall “Cross Dock Upper Austria” in Enns near Linz. The long-term tenant of the almost 13,000 m² logistics hall is Österreichische Post AG. The acquisition of the property is KanAm’s first purchase in Austria. The real estate investor is thus responding to the constantly high demand for logistics and industrial properties on the capital market.
The seller of the facility, which is connected to the A1 freeway, the Danube, and the rail network, is the Austrian Meir Immobilien Group. “Cross Dock Upper Austria” will thus become part of Leading Cities Invest, an open-ended real estate fund whose logistics portfolio previously consisted of seven properties in central and northern Germany.
Alric A. Ofenheimer (Partner, Real Estate / Corporate + M&A), Christopher Engel (Partner, Real Estate / Corporate + M&A), Dieter Thalhammer (Partner, Antitrust), Ulrike Sehrschön (Partner, Public Law), Pascal Haring (Associate, Real Estate / Corporate + M&A), Titus Kahr (Associate, Public Law)
KanAm Grund Group is part of the KanAm Group, which has focused on closed-end funds for more than 40 years. By contrast, the KanAm Grund Group’s focus from the outset was on open-ended real estate funds – later supplemented by special real estate funds and investment advisory services. As an independent German company, KanAm has developed into an international real estate specialist over the past 20 years.