KanAm Grund Kapitalverwaltungsgesellschaft mbH (KVG) has announced the orderly liquidation of the LEADING CITIES INVEST special fund following comprehensive review and in the interests of its investors. This step was taken in consideration of the fund's strained market liquidity, which necessitated an adjustment of its strategy. The aim is to end the backlog of redemptions and the associated unequal treatment between investor groups.
The fund's liquidation will not involve the sale of all properties in a fire sale, but rather an orderly divestment according to an individual timetable that takes current market conditions into account. The KVG intends to structure the sales process to achieve the best possible outcome for investors. Despite the currently challenging market conditions, KanAm Grund aims to minimise the realisation period while optimally leveraging market opportunities.
This resolution brings forward the regular end of the notice period for unit certificate redemptions to 31 May 2024. Investors in LEADING CITIES INVEST will be informed in detail about the next steps in the coming weeks. This measure serves to ensure a fair and transparent settlement process for all parties involved. The decision to liquidate reflects the necessity to react to changed market conditions while safeguarding the interests of the investor base.
KanAm Grund KVG will actively accompany the liquidation of the special fund and ensure that the sale of properties occurs under optimal conditions. This includes a detailed analysis of each property and the development of an individual sales strategy. The goal is to realise the value of the properties held in the fund as effectively as possible and to distribute the proceeds transparently to investors. The KVG has a Fiduciary Duty towards its investors, which takes top priority in all decisions.
Current market developments in real estate investments often require flexible and considered adjustments to investment strategies. The orderly liquidation of LEADING CITIES INVEST is an example of such an adjustment, which not only aims to secure investor interests but also to open up new avenues for future real estate investments.
