KINGSTONE Real Estate Completes Fundraising for Affordable Housing Vehicle

KINGSTONE Real Estate has completed fundraising for its open-ended institutional real estate fund, KINGSTONE Bezahlbares Wohnen Deutschland I. The investment vehicle, structured as a separate account mandate for a single institutional investor, raised €150 million in equity. With leverage of around 50% planned, the fund’s total investment volume will reach approximately €300 million. HANSAINVEST Hanseatische Investment Gesellschaft acts as the fund’s third-party AIFM.

The fund focuses on affordable and subsidised housing in Germany, and KINGSTONE Real Estate confirmed that preparations are already underway for a successor fund targeting the same segment. According to the company, the decision of the investor to commit to a separate account mandate was based on a strategy tailored to long-term demand in the sector.

Roughly one third of the current fund’s investment volume has already been allocated to projects in Mannheim, Nuremberg, Fürth, and Weil am Rhein, where over 200 affordable apartments are planned. Additional acquisitions are in negotiation, with KINGSTONE stating that its pipeline reflects sustained demand and strong market access.

In parallel, KINGSTONE is preparing a second vehicle with an expanded focus. Alongside housing for families, seniors, and singles, the follow-up fund aims to include student and apprentice housing, in line with the German government’s new “Young Living” programme. The intention is to broaden the scope of affordable housing provision and address different demographic needs.

The fundraising marks a further step in KINGSTONE’s strategy of concentrating on socially relevant housing projects while expanding its role in Germany’s institutional residential investment market.