Berlin-based developer, Kauri Cab, has taken a minority shareholding in Munich-headquartered Kingstone Real Estate.
The Schomberg family remains Kingstone's majority shareholder. A further, long-standing shareholder is Erlangen-based Investment- & Mezzanine-Specialist Pegasus Capital Partners GmbH, which structured the transaction together with Kingstone.
Kauri brings relevant expertise in specialised asset management and development, and especially in the field of major district developments. The company, which employs over 45 people, including its own development team, has a focus on the implementation of ESG investment strategies.
The new partnership and alliance at shareholder level offers a series of benefits for both the company itself and its investors, according to Kingstone. In the process, Kingstone's in-house expertise is expanded to include development, refurbishment, specialised and technical asset management, as well as workout competencies.
At the same time, there are plans for new investment strategies and fund products in the risk categories, core plus and value add, focusing on, for example, energy-efficiency refurbishments to achieve sustainability goals.
Tim Schomberg and Philipp Schomberg, founders and managing partners of Kingstone, said: 'We have known and valued Kauri Cab for many years, and see this strategic partnership as an ideal complement to Kingstone's existing business strategy.
'Especially during the transformational phase which we're presently seeing in the real estate sector, Kauri Cab's comprehensive expertise will be of enormous importance, particularly in active, specialised asset management, during energy-efficiency refurbishments, and in the implementation of ESG investment strategies.
'The EU taxonomy is an almost daily reminder of the need to make the real estate sector more sustainable. Our new partner will provide us with valuable expertise in this regard.'
Hagen Kahmann and Luca Bauernfeind, managing partners of Kauri Cab, added: 'We are delighted about our cooperation with Kingstone. For us, the expansion of our activities for institutional investors through the cooperation with Kingstone is a logical step on our path to continuing growth. We are convinced that we will be able to tackle a whole range of new projects together.'
