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Germany's KanAm Snaps Up WeWork-Leased Paris Office Jewel for €190 Million

Building at 5-7 Rue des Italiens Purchased from Raingold Family’s GCI
WeWork signed a 12-year lease on the building in February 2019. (Getty Images)
WeWork signed a 12-year lease on the building in February 2019. (Getty Images)

Germany’s KanAm Grund Institutional has bought an office building at 5-7 rue des Italiens, which is leased to WeWork, from Generale Continentale Investissements, the real estate investment arm of the Raingold family, for €190 million, sources confirmed to CoStar News.

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News | Germany's KanAm Snaps Up WeWork-Leased Paris Office Jewel for €190 Million