Germany resi, logistics, attracts widespread fund focus
Germany is the focus of three funds that have attracted recent attention from investors.
The first of these, Kingstone Investment Management, has launched a new core real estate fund, called the Kingstone Wachstumsregionen Süddeutschland II fund (KWS II). Seeking to raise between €350 million and €400 million, KWS II will invest in growth regions throughout southern Germany, particularly in modern urban quarters. It will focus primarily on urban neighbourhoods that are largely residential and offer good local conveniences such as food retailers. Kingston is leaning towards newly built properties, although acquisitions of existing buildings are also planned.
“Urban quarters are taking on important functions in modern urban societies because they are able to serve a wide range of needs — daily provisions, short commutes, quality of life — through the mix of usage types,” said Tim Schomberg, managing partner of Kingstone IM. “We prefer to invest in such qua