KanAm invests again on Lake Geneva

The Leading Cities Invest fund has acquired a property in the Terre Bonne Park business park in the municipality of Eysins, which is located on the western shore of Lake Geneva. According to KanAm, the office property is clearly visible at the entrance to the business park, which is just two kilometers from the shore of Lake Geneva, currently consists of a total of ten buildings, and is being successively expanded.

The fully leased new office building La Porte d'Eysins with around 6,500 sqm is a three-story, Minergie-certified low-rise building with a large photovoltaic system on the roof, which belongs to Swiss Solar AG with a 25-year term. The solar plant feeds cheap and green electricity into the building. The operator is obliged to buy surplus electricity. Tenants are AresTrading (Merck Group), Moët Hennessy Suisse and the watch brand TAG Heuer. The seller is Dutch-Swiss developer Nemaco. The parties have agreed not to disclose the price.

Leading Cities Invest had already acquired the headquarters of the fruit trading company Chiquita on the north shore of Lake Geneva a year ago. According to KanAm, Leading Cities Invest has a comparatively below-average risk profile in the current corona crisis "primarily due to its tenant mix and well-diversified real estate portfolio" - not least because the only hotel in Brussels and the German headquarters of a hotel provider were sold just last year and the fund is currently invested primarily in office properties.

In addition, investors in KanAm Grund Group's open-ended real estate fund are protected against upheavals similar to those following the Lehman crisis, as Leading Cities Invest is a "new generation" real estate fund in which the shock-resistant mechanisms of the new investor protection legislation (D) apply to all investors without distinction (twelve-month notice period and a 24-month minimum holding period). (bw)