KanAm Spezial grundinvest Fonds has acquired the Madeleine office building in the French city of Lille for EUR 19.4 mln. The German institutional fund said the prime property is fully leased to Finaref, a French banking and insurance group, on a long-term lease through 2016.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
