The KanAm Grund Group, acting on behalf of institutional investors, has acquired the "M-Square" office building in Marseille, France. M-Square is the tenth property of a special AIF for institutional investors, which now holds investments in ten locations across seven European countries, including in the cities of Munich, Zurich, London, Den Haag and Luxembourg. The purchase price was not disclosed.
M-Square in Marseille comprises ground floor and six upper levels in the eastern part of the property and eight upper levels in the western part. It also offers two underground levels, providing the 101 parking spaces that are part of the property. Thanks to its prominent corner location and its distinct architecture, M-Square has a very high recognition factor. It is highly visible and recognizable, even from the urban freeway. The property was completed in 2010 and is now fully let to a French public-law health service institution with a contract expiring in 2022. Thanks to the location of the stairway, elevators and sanitary facilities, this property is suitable for complete leasing of all usable space to a single tenant or multi-tenant leasing on different floors. The conceptual design makes it possible to use the areas as open-plan offices or to develop them into individual or combi offices. Floor-to-ceiling windows ensure good natural lighting of the office space.
This building is located in the most up-to-date and sought-after district in Marseille. Today, Euromediterranee is considered to be the city's central business district. As such, it is easily accessible by public transport with the Metro station "Desiree Clary", served by the Metro line M2, and the bus stop "Paris Guinot", served by several bus lines, as well as by car via the A55 and A7 motorways heading to Marseille Airport.
