KGAL Investment Management has acquired a portfolio of 227 residential and 15 commercial units for its sustainable German residential real estate fund.
The manager said the portfolio in Leipzig was acquired for the KGAL Wohnen Core 3 fund.
André Zücker, managing director and head of real estate of KGAL Investment Management, said the broadly diversified economy, the prestigious university and the lively city centre make Leipzig extremely attractive.
Built between 2018 and 2020, “the properties in this residential portfolio are all of new-build quality and meet the high energy efficiency standards of our fund”, Zücker said.
Christian Schulte Eistrup, the head of the international client business at KGAL Investment Management, said the investment pace of KGAL Wohnen Core 3 remains high despite the intense competition in the residential sector.
“With this latest transaction in Leipzig, we are securing an attractive and stable core portfolio for our investors, which enables a timely capital call and benefits from attractive income streams already in place.”
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