France

Kenmore has been active in the French property market since 2002. Our Paris office was established in August 2004 and is headed by Director, Chris Pope. Our current portfolio is made up of well located properties in established zones, close to good transport connections with a diverse mix of tenants, the largest of which represents 4% of the total portfolio.

The majority of our assets are in the light industrial sector but increasingly we are targeting other sectors. The French Regional Office Fund was established in April 2007 to focus on office investment in regional towns throughout France.  The Fund has a target portfolio size of approximately €100 million. For more info visit the French Office Fund page.

Recent activity

Kenmore, on behalf of KEIF, sold the Villas Porfolio in the Paris region in March 2009 for a total consideration of €14.5 million, reflecting a price approximately 5% below the December 2008 Fund valuation.  The portfolio, sold to a private investor, comprised six multi-let office and light industrial buildings providing a total area of 160,327 sq ft (14,895 sq m) and was approximately 90% let to over 40 tenants, primarily on 3/6/9 year leases.