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Grünwald near Munich, 20.05.2025 – KGAL has acquired a fully let residential property with around 3,000 square metres in The Hague, the Netherlands, completed in 2024, for its pan-European residential real estate fund KGAL Core 5. The modern property comprises 36 high-quality rental apartments in the free rental segment and meets the highest sustainability and efficiency standards.
“Despite a challenging market environment, we were able to acquire a fully let core property without any development or letting risks,” comments Rainer Pohl, Head of Transaction Management at KGAL. “Against the backdrop of structurally limited new construction activity in many European metropolitan regions, stable excess demand and attractive gross initial yields, we continue to see good investment opportunities in the residential segment, which is in demand by investors. Further selective investments are therefore planned for the Core 5. Specifically, we are looking for younger portfolio properties with high ESG performance in liquid, high-growth markets for further performance optimisation and risk diversification.”
Following the acquisitions in Ireland and Spain, the property represents the third investment for the fund. With the acquisition in the Netherlands, the invested equity exceeds the threshold of EUR 100 million – another milestone in the fund's strategic orientation. All fund properties are 100 percent sustainable in accordance with Article 9 SFDR. Thanks in part to the very good occupancy rate of around 97 percent, the fund return is currently in the high single-digit percentage range with one hundred percent equity investment.
"With the acquisition of this ESG-compliant portfolio property in an economically and demographically dynamic residential market, we are consistently continuing our pan-European investment and growth strategy," says Philipp Langbehn, portfolio manager of KGAL Core 5 convincing performance will be further strengthened."
The 36 residential units have an average of 83 square metres in size and efficiently designed residential units – a housing offer that is in particularly high demand on the tight rental housing market in The Hague. The property also includes 29 car parking spaces.
The legal and tax due diligence was handled by Dirkzwager, while the Dutch branch of DW Real Estate was responsible for the commercial review, SGS for the technical analysis and Oterea for the ESG due diligence.
