KINGSTONE Real Estate (KINGSTONE RE) has acquired the commercial complex of the newly completed Lokhöfe district development in the Upper Bavarian city of Rosenheim for a special fund. The real estate complex consists of office, hotel and retail space, comprises a total of around 16,600 square meters of usable space and is centrally located directly at Rosenheim train station. The new building, which will be completed in 2024, is characterised by a landmark office tower, a comprehensive greening concept for the "Sky-Forrest" multi-storey car park and DGNB Gold certification. The seller is the developer of the ensemble, S&P Commercial Development. The purchase price was not disclosed.
Dr. Tim Schomberg, CEO of KINGSTONE RE, comments: "The Lokhöfe are a defining urban district with landmark character for the city of Rosenheim. For KINGSTONE RE, it is an important milestone to acquire a building complex of this size for a fund managed by us. From our point of view, the well-diversified tenant mix consisting of Premier Inn (hotel), EDEKA (retail), Creditreform, the Federal Institute for Real Estate and the kbo-Inn-Salzach Clinic, among others, is particularly attractive."
Sven Sontowski, Managing Partner of S&P Commercial Development, adds: "The quarter stands for sustainable, modern urban development and high architectural quality. We are pleased to have found a long-term investor in KINGSTONE RE."
The locomotive yards are located directly along the railway facilities in the immediate vicinity of Rosenheim station and are spread over several construction sites. On the western side, the 40-metre-high office tower with adjoining green multi-storey car park forms the prelude to the quarter. The subject of the transaction was the commercial complex of the quarter with office, hotel and retail on construction site 5 as well as the office tower with adjacent multi-storey car park on construction site 6.
DLA Piper (Legal & Tax Due Diligence), Case Real Estate (Technical Due Diligence), agradblue (ESG Due Diligence) and IIB Consult (Commercial Due Diligence) acted as advisors. The seller was advised on the transaction by Bissel + Partner.
