Vision Group, a residential real estate investor, has acquired a residential portfolio of 163 units in Dingolfing, Lower Bavaria, Germany, jointly with KKR.
It marks the first transaction since Vision and KKR last month agreed on a new strategic partnership for residential-property investments. The newly acquired apartments have a total leasable area of approximately 9,700 square meters (104,410 square feet).
The two- to four-room apartments have the potential for value enhancement through creating additional living space and digital solutions, including digital-key management, intercom systems and touchpoint displays to notify tenants of upcoming maintenance work.
“Due to the proximity of the apartments to Munich and Regensburg, as well as the attractiveness of Dingolfing, we see substantial potential in further developing the assets. As our first investment in Bavaria, we are widening our regional footprint and expanding our growth strategy,” said Niclas W
