Munichzoom

KanAm Group separates itself from the landmark of modern Munich

Munich, 23 December 2016

The KanAm Group separates from the HighLight Towers, the landmark of modern Munich. The building complex with its two slender towers of steel and glass in the north of the Bavarian capital was completed according to the plans of the international star architect Helmut Jahn in 2004 and has now been bought by Commerz Real for its open-ended real estate fund hausinvest. The seller is the office center Parkstadt München-Schwabing KG belonging to the KanAm Group. It was agreed on not to disclose the purchase price.

Initiated, operated and managed by the KanAm Group, the HighLight Towers determine the skyline of Munich. They have developed from the bone of contention in the so-called "Hochhausstreit" (dispute about high-rise buildings) more than 10 years ago to the symbol of modern Munich. International tenants such as IBM Watson, Fujitsu Germany or Unify derive from information technology and artificial intelligence, Microsoft Germany is an immediate neighbor.

Designed by the internationally renowned architect Helmut Jahn, the building forms a bridge from the functional minimalism of the Bauhaus tradition to the technologically innovative architecture of our time, making the towers, which are 126 meters and 113 meters high, visible buildings into an iconic and architectural milestone in Munich's cityscape. The building complex with a total floor space of approximately 85,700 square meters consists of a 7-storey hotel building, a 5-storey office building as well as the two striking 33- and 28-storey office towers, which are connected by glass bridges.

The modern building ensemble is awarded the sustainability certificate in gold according to LEED, the second highest seal according to the internationally recognized guidelines of the US Green Building Council for existing buildings. In Germany, only around 30 properties have been certified with this standard.

The KanAm Group, headquartered in Munich, Frankfurt and Atlanta, has had a transaction volume of around 30 billion euros since its inception more than 40 years ago. Over the years, the focus has been on quality real estates in international metropolises such as Paris, London, Munich, Washington, DC, or Melbourne - including Trophy Buildings such as the Frankfurt MesseTurm, the Americas Tower in New York or the Reuters Building and the Deutsche Bank Building in London as well as the Tour Egée in Paris. With the Simon Corp., the world's largest REIT for shopping malls, the KanAm Group holds several supra-regional shopping malls in the USA in joint ventures. The KanAm Grund Group in Frankfurt, in particular, is currently offering private and institutional investors investment opportunities in Germany, Western Europe and the USA, and is specialized in the acquisition, administration and sale of large real estate for institutional investors with Real Estate Management Company REAM.

Press contact
Dr. Michael Birnbaum
KanAm Gruppe
Tel.: +049-89-21010-180
Mobil: +49-170-39 47 365
E-Mail: m.birnbaum@kanam.de

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