Investment manager Kingstone Real Estate has acquired a new-build residential property in Frankfurt am Main for its open-end real estate special fund, KINGSTONE Bezahlbares Wohnen Deutschland. The asset comprises 96 residential units and a daycare center as well as two smaller retail units and two smaller office units. The property was completed in 2025.
All 96 residential units are subsidized. The property is located on Kleyerstrasse in Frankfurt’s Gallusviertel and is part of the Kleyers neighborhood development by Swiss Life Asset Managers, which comprises 11 buildings in total featuring 398 residential units.
The investment is associated with development loans and grants from the City of Frankfurt and Hessian promotional bank, WI-Bank. Only on the market for a few weeks, the property is almost fully leased. The State of Hesse and the City of Frankfurt am Main are known for offering favorable funding conditions. A central location in Frankfurt’s Gallusviertel an
