The neighbourhood provides easy access to multiple employers and lifestyle amenities as well as an excellent public transport connection. The resident population has grown from 600 to over 5,000 in the last ten years. Canvas Frankfurt sits within Lyoner Quartier submarket, historically an office market that has undergone significant regeneration. Frankfurt is a global hub for commerce, culture, education and is especially known for its financial centre. The ground floor amenity space is supplemented by a 200 sqm rooftop terrace providing skyline views.įrankfurt currently has a vacancy rate of just 0.2%, so the new development will provide much needed housing to meet demand. In Frankfurt, the primary amenity zone at entrance level offers a thoughtfully designed residents’ lounge and gym, with floor to ceiling glazing overlooking the entrance courtyard. In the end, the realization exceeded our expectations."Ĭanvas Frankfurt will house a range of high-quality amenities supported by a dedicated onsite team to provide residents with an exceptional lifestyle experience. Implementing the Kanso vision structurally took priority over cost or technically simpler solutions. One has to compete with residential construction against economically more profitable uses and also create economically less advantageous uses such as retail and gastronomy so that the entire situation becomes attractive for future users. Our new asset will join our network of Canvas properties across Europe and as the footprint continues to grow, we hope to offer residents the ability to move seamlessly between location giving them easy access to a range of cities.”ĭavid Roitman, founder of the Argaman Group, explains: "Since 2012, the Lyoner Quartier (formerly Bürostadt Niederrad) has been developing dynamically from a pure office district into a new mixed-use neighborhood. We are well capitalised and continuing to look for forward purchase, development and value-add opportunities in key markets including Berlin, Hamburg and Vienna. Mark Allnutt, Senior Managing Director – Europe, Greystar, said: "We are making good progress with our strategy to build a diversified portfolio in Germany and Austria from the ground up focusing on residential assets of scale.
Kanso apartments license#
Canvas Frankfurt will be the first building in Germany for the new multi-asset strategy, which enables Greystar’s partners to tap into a wider footprint and the financial efficiencies of scale via a license model. The brand is already operating in other European metropolises and university cities such as London, Conventry, Glasgow and Utrecht.
Kanso apartments professional#
The building will operate under Greystar’s expanding pan-European student and young professional brand “Canvas Living”. It will predominantly comprise studio apartments and a selection of one-beds with a range of resident amenities alongside a kindergarten, restaurant and retail space totally 685 sqm. Zelmanson and Planquadrat Architects, ready for occupation from Summer 2022. The forward purchase transaction with Argaman Group will see the “Kanso” building, designed by V. This is the second acquisition for its Germany and Austria €1 billion develop-to-core venture with a global institutional investor following the announcement that Greystar has purchased 234 units in Hamburg earlier this year. Frankfurt, 1 June 2022 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing, has acquired the “Kanso” development, a 303-unit mid-rise residential project in Frankfurt.
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