KINGSTONE Real Estate buys office property in Munich-Neuhausen

Michael Sacher, Managing Partner of the value-add subsidiary KINGSTONE RE
Opportunity, says: "With this acquisition, we are taking over the asset management of an
existing property for which we see great ESG optimisation potential. The location in
the popular district of Neuhausen, the excellent public transport connections and the stable tenant structure offer a solid foundation to create added value together with our investors. In the next few years, the property is to be renovated in order to bring it into line with our ESG requirements."

Friedrich von Carlowitz, Managing Director of the subsidiary KINGSTONE Capital
Advisory, adds: "We are seeing great interest and brisk demand from private wealth investors and family offices for investment opportunities in the value-add segment.
Accordingly, we are very pleased about the trust that investors have placed in our asset
management expertise and about the expansion of our portfolio to include a
commercial property with the main use of 'office'. Modern office space continues to be in demand, especially in top locations in A-cities."

The due diligence was accompanied by the law firms Vesthaus (Hamburg) and RSM Ebner Stolz
(Hamburg). REAL ASSET Projektentwicklung Immobilienmanagement GmbH from Munich is acting as a service developer.