The KanAm Grund Group’s Fokus Norddeutschland Fund has purchased the EAP3 building at Ernst-August-Platz in Hanover. The fully let property, located opposite Hanover’s central station, was built as Hotel de Russie in 1880. In 2003/2004, it was fully refurbished and turned into today’s multi-tenant property, offering 11,000m² of space spread out over five levels above ground. The tenants include a Saturn electronics retail outlet and the Lower Saxony division of AOK health insurance fund.
The lettable space of “EAP3” includes retail and office space, doctors’ surgeries and storage space. Another tenant of the building is the Balzac Coffee Company with one of their 49 premium coffee bars. The building fronts onto Kurt-Schumacher-Strasse, Ernst-August-Platz and Rosenstrasse, and can be accessed from three sides. The seller is a real estate fund from Credit Suisse Asset. It has been agreed to keep the sales price confidential.
