Paul Hastings advises KanAm Grund Group in acquisition of Lambda Property

May 13, 2022

FrankfurtPaul Hastings LLP, a leading global law firm, has advised KanAm Grund Group in connection with its acquisition of a logistics property by way of an asset deal.

KanAm Grund Group has acquired the property "Lambda" for its open-ended real estate fund LEADING CITIES INVEST. The tenant of the Core Plus property in Hartmannsdorf, which is under a long-term lease, is the well-established company Diamant Fahrradwerke GmbH. The company is currently owned by the U.S. bicycle manufacturer Trek Bicycle Corporation. Due to its geographical location near Chemnitz and its type of use "light industrial", the property contributes to the further diversification of the public fund's portfolio. The parties agreed not to disclose the purchase price.

The Paul Hastings team that advised KanAm Grund Group was led by partner, Dr. Jan Gernoth associate Hannes Riedel and Tax Advisor, Uwe Halbig.

About Paul Hastings:

Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets and real estate finance.

Our unmatched client service has helped us become one of the legal profession’s most admired firms, known for a diverse and highly collaborative culture that delivers innovative solutions.

About KanAm Grund Group:

Over the past 20 years, KanAm Grund Group, an independent German company based in Frankfurt, has developed into an international real estate specialist. Since its formation in October 2000, it has achieved a transaction volume exceeding EUR 30 billion and currently manages assets in the amount of approximately EUR 7 billion.

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