Kingstone Real Estate has launched a €400 mln healthcare property investment fund in Germany with capital management company IntReal International Real Estate Kapitalverwaltungs-gesellschaft.
Kingstone Living & Care I is an open-ended special alternative investment fund with fixed investment terms that may not be marketed to private investors.
The first seed investment made by Kingstone Real Estate on behalf of the new fund is a nursing home acquired as part of an off-market transaction from GFS Bauträger- und Immobilienvermittlungs.
Paul Muno, managing partner of Kingstone Living & Care GmbH, commented: ‘The property in Dettenheim is a perfect fit for the strategy behind Kingstone Living & Care I. The building quality is outstanding and there is a long-term contract in place with a superbly positioned regional operator. We are pursuing a buy-and-hold strategy and seeking strong combinations of established operators and sustainable properties, right across Germany.’
Source: propertyeu.info on the 21st of June