Kingstone Real Estate has acquired a 5,953sqm mixed-use property in the south-east of Germany from Gewerbekomplex Landshut West and Gewerbekomplex II Landshut West.
The real estate investment manager said it has acquired the asset at Ludwig-Erhard-Strasse 13, 13a in Landshut for an open-ended fund, without disclosing the price of the property.
The acquired asset comprises two buildings that were built between 2020 and 2023 with a tenant mix including a private vocational college, a beverage outlet chain, and several medical practices and office tenants.
Tim Schomberg, managing partner of Kingstone Real Estate, said: “We are delighted to add a further attractive investment to our portfolio in southern Germany with the acquisition of this newly built property in Landshut. This transaction underlines the core strategy of our fund.”
To read the latest edition of the latest IPE Real Assets magazine click here.