The KanAm Grund Group has acquired the AGAPES property in Villeneuve d’Ascq, in the Lille area in France, for one of its special real estate funds. The long-term tenant of the property is the Agapes S.A. group. — the food division of the Association familiale Mulliez (AFM).
Sascha Schadly, Managing Director at the KanAm Grund Group, said: “We are very pleased that we were able to acquire “AGAPES” for the institutional investors of one of our special funds. The transaction shows once again that we are able to select and acquire first-class properties for our investors, even in a challenging market environment like the current one.”
The office building with a total area of c. 9,000m2 was completed in 2020. It has two basement floors, a ground floor and two upper floors, with two large courtyards bringing in natural light. The rental areas have high-quality furnishings, modern floor plans, and communication zones that meet the requirements of the "New Ways of Working." The property is also BREEAM 'very good' certified for its high sustainability standards.
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Image provided by KanAm Grund Group.