Kingstone Real Estate has acquired a mixed-use property in southeastern Germany for an open-ended special fund.
The real estate investment manager said the asset, located in the Bavarian town of Landshut, was purchased from Gewerbekomplex Landshut West and Gewerbekomplex Landshut West II, without disclosing financial details.
The fully let property comprises two buildings which were built between 2020 and 2023, with a total rental area of 5,953 m². Tenants include a private vocational college, a beverage outlet chain, as well as several medical practices and office occupiers.
The complex forms part of an emerging business park located close to the Landshut Park shopping centre.
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.’
