The multi-tenant property was built in 2009 and is fully leased out with a WAULT of approx. 2.5 years. The rental space is divided between approx. 950 sqm. of residential and 3,350 sqm. of office space. The property is conveniently located just seven minutes by foot from Ingolstadt’s main train station and directly opposite a large city park.

KINGSTONE Real Estate particularly established KBS, an open-end alternative investment fund, for Sparkasse Rosenheim-Bad Aibling, a savings bank based in the southern German city of Rosenheim. IntReal International Real Estate has been appointed as the fund’s service- providing capital management company (KVG). KBS invests in core properties throughout southern Bavaria, including residential, office, logistics, healthcare and other care facilities. The fund’s total target is at least EUR 150 million and the ticket price for individual properties lies within the range of EUR 15 to 25 million.

“With its diversified tenant base and superb building quality, the property fits very nicely into the fund’s acquisition profile. The good location in an economically vibrant city promises reliable cash flows long into the future,” says Dr. Tim Schomberg, Managing Partner and Chief Executive Officer of KINGSTONE Real Estate. “We are delighted to be able to bring this first major portfolio asset into the fund very soon after its launch.”

KINGSTONE Real Estate was advised on the transaction by DLA Piper (legal and tax) and xProject (technical).