Leading Cities Invest (LCI), part of the KanAm Grund Group, has purchased real estate in Frankfurt Westend. The property at Liebigstrasse 6 is a villa from the Wilhelminian period which dates back to 1900, was rebuilt and raised after the Second World War and radically transformed in the 1980s. The building is located on a 581m² site and spans over 5 storeys, including the ground floor and attic. The property is leased to a private bank M.M.Warburg & CO (AG & Co.) KGaA, which primarily caters for wealthy private clients. The purchase price was not disclosed.
Well known for its business character, Westend is located in Frankfurt's inner city and served by an appropriately convenient infrastructure. The Westend and Alte Oper subway (U-Bahn) stations can be reached within 5 minutes on foot, and the Taunusanlage commuter train station (S-Bahn) is only an 8-minute stroll away. In addition, Westend is noted as one of the most elegant residential districts in the city, characterized by a combination of historic Wilhelminian edifices and contemporary project developments in the midst of Frankfurt, the continental European financial capital that plays host to around 200 international financial houses.
With a portfolio of 24 properties, Leading Cities Invest has already invested in 16 locations in Germany, Belgium, France, the United Kingdom, Switzerland and Poland. This real estate portfolio is notable for its successful diversification, ranging from offices, industry/logistics and retail/gastronomy to the hotel business, doctors' surgeries and medical services and leisure facilities, all 99,9% leased.
