To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionKINGSTONE launches investment fund for affordable housing in Germany
KINGSTONE Real Estate has launched a new open-endinstitutional real estate fund that will invest in affordable housing in Germany.
It will have a projected fund volume of €500 million ($557million), with equity capital to account for €250 million ($279million). The fund’s net cash-on-cash return is expected to average between 4.0 percent and 4.5 percent annually.
The plan is to invest in energy-efficient new-build housing construction. At least 60 percent of the investment volume is earmarked for subsidized housing. It is moreover intended to include senior-living accommodation and social infrastructure as an add-on component. The geographic focus will be on metro
