2022 Real Estate Top 150 ranking: 127
High-quality, BREEAM-certified (“very good”), fully leased 19,400 sqm building in prime location
KGAL Investment Management GmbH & Co. KG is investing in the Spanish real estate market for the first time. The Torre Esteve building has been acquired on behalf of a pan European real estate AIF from Iberdrola Inmobiliaria S.A., a wholly owned subsidiary of the Spanish power generation company Iberdrola.
You can now read the full press release at the link below
KGAL Core 5 LIFE, one of the few Article 9 residential real estate funds with a European focus, has acquired a portfolio in Lucan, County Dublin, consisting of three residential buildings with 104 units. The properties, which were built between 2020 and 2022, have a total lettable area of 8,882 square metres.
At the turn of 2021/2022, the residential property fund KGAL Wohnen Core 3 acquired the “KönigsTOR” Regensburg neighbourhood development during the construction phase. A decision made with strategic foresight: at the recent handover of the completed property to KGAL, 96 percent of the 392 modern flats had already been let well ahead of schedule – including 55 subsidised and 146 barrier-free units. The high-quality building complex offers new homes with many amenities for more than 800 people.
Leading independent investment and asset manager KGAL is pleased to announce that it has completed its “Next Generation” project through a new management structure and reorganisation of its Real Estate, Sustainable Infrastructure and Aviation asset classes, and Florian Martin, currently Managing Director Capital, and André Zücker, currently Managing Director Real Estate, will take over the company management together as co-CEOs as of 1 January 2024.
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