Kingstone launches diversified AIF targeting German properties

Kingstone Real Estate has launched a new open-ended alternative investment fund to acquire core properties, including residential, office, logistics, healthcare and other care properties in Germany.

With a total volume of at least €150 million ($178 million), the new fund known as Kingstone Bavaria Süd fund was opened as an institutional investment vehicle specially for Sparkasse Rosenheim-Bad Aibling, the savings bank based in the southern German city of Rosenheim.

The fund’s acquisition targets will include both existing and newly constructed properties throughout the central and southern regions of Bavaria, Germany’s largest state by area and second largest by population. The individual properties will range from €15 million to €25 million ($18 million to $30 million).

“The economically vibrant regions of southern Bavaria offer attractive conditions for value-growing real estate investments,” said Tim Schomberg, managing partner of Kingstone Re