KGAL Investment Management has purchased the fifth property for its KGAL Wohnen Core 3 fund.  

According to the firm ‘the architecturally unique’ KönigsTOR residential development will be the new centre of the Regensburg Königswiesen district in Germany.

Regensburg has an exceptionally high job density and a correspondingly strong GDP. Furthermore, Regensburg has for years been the German city with the highest proportion of single-person households (over 57 per cent in 2020

The KönigsTOR residential quarter is divided into six interconnected buildings. The 392 flats with a total rental space of 19,442 square metres consist of 337 privately financed and 55 subsidised units. Of the six commercial units in the basement with a total area of 6,431 square metres, three have been let on long leases to the Sparkasse Regensburg, full-range food retailer Rewe and food discounter Netto.

Christian Schulte Eistrup

They are scheduled to be ready for occupancy as early as 2022. The underground car park beneath the neighbourhood centre offers 640 parking spaces and various bicycle stands. A spacious neighbourhood square and a children's playground will be created in the open spaces. The "KönigsTOR" fulfils the expectations of a contemporary concept for neighbourhood living.

"In the eight months since the first closing of KGAL Wohnen Core 3, we have already allocated more than 70 per cent of the fund’s €500 million equity," said Christian Schulte Eistrup, head of the international client business at KGAL Investment Management. "In addition, we have achieved excellent regional diversification with the five properties in the portfolio, as we are now represented in the west, east, north and south of Germany with KGAL Wohnen Core 3.”