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Kanam’s LCI fund buys Dresden’s “Kugelhaus”

Kanam has acquired the glass “Kugelhaus” in Dresden for its open-ended real estate mutual fund Leading Cities Invest (LCI). The building, located on Wiener Platz directly across from the main station, was constructed in 2005 and recently upgraded. It holds approx. 5,000 sqm of lettable space distributed over four floors and an underground level. Primary tenant is Decathlon, which currently holds a 10-year lease. Other main tenants include a Rollercoaster Restaurant and Radeberger Fleische und Wurstwaren Korch GmbH. BNP Paribas Real Estate brokered the deal. The building was designed by Architekten Körnerweg/Siegbert Langner von Hatzfeldt (Dresden) and wmb Architekten (Berlin). The client was Kurt Krieger.

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