Munich based Kingstone Investment Management and Universal Investment have launched their first joint real estate special fund.
The Kingstone Growth Regions South Germany fund invests in core office properties in the south and west of Germany, focusing on particular growth regions.It has a target volume of about €300m with a maximum debt ratio of 50%.
The new strategy is aimed at German institutional investors, who can participate from a sum of €3m.
The purchase target sizes of the individual properties are between €10m and €50m. The fund has a long term retention strategy with a targeted payout of over 4% annually.
The fund is launched via the real estate platform of Universal Investment.