Kingstone Real Estate has acquired a 5,953sqm mixed-use property in the south-east of Germany from Gewerbekomplex Landshut West and Gewerbekomplex II Landshut West.
The real estate investment manager said it has acquired the asset at Ludwig-Erhard-Strasse 13, 13a in Landshut for an open-ended fund, without disclosing the price of the property.
The acquired asset comprises two buildings that were built between 2020 and 2023 with a tenant mix including a private vocational college, a beverage outlet chain, and several medical practices and office tenants.
Tim Schomberg, managing partner of Kingstone Real Estate, said: 鈥淲e are delighted to add a further attractive investment to our portfolio in southern Germany with the acquisition of this newly built property in Landshut. This transaction underlines the core strategy of our fund.鈥�
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