KanAm Grund Group has purchased Sophienkontor property in a prime location in Kiel's city center for its Fokus Norddeutschland fund, a specialized institutional real estate fund. The large multi-tenant complex offers almost 6,400m² of office space. The seller is Sophienblatt Projektentwicklungsgesellschaft mbH & Co. KG, a project company of urban space Immobilien Projektentwicklungsgesellschaft mbH & Co. The parties have agreed not to disclose the purchase price.
Given its geographic location and tenant structure, Kiel’s Sophienkontor complex constitutes a core investment asset for the Fokus Norddeutschland fund. The purchase enhances the diversification of the investment fund’s portfolio. The investment spectrum of the fund concentrates on office buildings and the tenant structure is broadly diversified across different sectors. The investment fund offering is addressed to investors from the banking and savings bank sectors only.
The building is located at Sophienblatt 40, directly in Kiel’s city center, opposite the central train station and a stone’s throw from the three-segment folding bridge Kieler Horn at the southern end of the Kieler Forde, the sea inlet around which the regional capital is built. The Sophienkontor is just a few minutes away from several landing stages for boats of all kinds, including the Schwedenkai, from where the Stena Line sails to Gothenburg in Sweden. The Sophienhof shopping mall, with around 120 stores, is very close to the Sophienkontor building.
The Sophienkontor complex was built to an impressive standard of sustainable construction and offers high-quality office space. The building has five full stories. In addition, there are two underground floors with parking spaces and facilities for charging stations, storage, and utility rooms. From the second story upwards, every floor has separate terraces for the tenants’ individual use. There is also a bike room and a changing room with showers. The highlight of the building is a roof terrace of 160m² on the sixth floor that all tenants can use.
As proof of the sustainable construction, the Sophienkontor property is going through the process for obtaining Gold certification by the German Sustainable Building Council (DGNB). The building also meets high standards with regard to technical building systems and energy efficiency.