Mannheim: 180 new apartments for affordable living planned!

Mannheim: 180 new apartments for affordable living planned!

Mannheim, Deutschland - Munich, October 24, 2024 - a huge deal rocked the real estate landscape in Germany! The investment manager Kingstone Real Estate (Kingstone RE) buys three residential projects with a total of 180 residential units in the coveted cities of Mannheim, Nuremberg and Fürth. The purchase price? An astonishing sum of 74 million euros, net, including huge grants of over 10 million euros!

The newly built apartments extend over a total rental area of around 15,700 m² and contain attractive, publicly funded apartments. Here in Mannheim, investors can look forward to 60 new apartments in a first -class location on the Altrhein! Nuremberg has 77 and Fürth with 43 other units. Each of the residential complexes is built according to the latest ecological standards, which underlines the sustainable orientation of the project. That means not only modern comfort, but also a step towards greener living!

future -oriented investments

"The Fund Kingstone Living Germany has sparked great interest from institutional investors," explains Simon Lieb, Managing Director of Kingstone Residential Investments. The currently high demand for funded living space pays off: with the right return for investors and a safe cash flow. And the best thing about it? Potential new construction projects bring ESG conformity (environmental protection, social affairs and corporate management) into play, which is of the utmost importance for investors!

Ansgar Pape, another managing director at Kingstone, emphasizes: "By skillfully using funding, we can meet both the regulations of the developers and the return expectations of our investors." Kingstone relies on long -term, low -interest loans in order to differentiate themselves from the unpredictable interest rates of conventional financing. Stability is required in these uncertain times!

The ten Brinke Project development that the objects sold emphasizes that there is an enormous need for affordable housing in Germany's major cities. A trusting cooperation between public bodies, investors and developers is the key to quickly realize the urgently needed apartments. The goal? More affordable living space in an increasingly expensive environment!